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The Public Service Loan Forgiveness program waives loans for public service workers including teachers and first responders.
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The latest student loan forgiveness plan, for certain borrowers enrolled in the SAVE replayment plan, will forgive $105 million of student debt for Florida borrowers.
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Borrowers who initially took out less than $12,000 in student loans could soon get them forgiven by the federal government. Under Secretary of Education James Kvaal explains to WLRN how — and says 'please apply.'
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The next round of Free Application for Federal Student Aid forms is set to start Dec. 31. The Department of Education estimates 610,000 new students will be eligible for a Pell Grant.
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Student loan payments were paused at the start of the COVID pandemic under the CARES Act.
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The loan forgiveness comes after past mishandling of income-driven repayment plans, which were designed for low-income borrowers. The move will erase $39 billion in federal student loan debt.
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The Supreme Court may have struck down a sweeping plan for student loan debt forgiveness, but under President Biden's new income-driven repayment plan, SAVE, borrowers stand to pay thousands less.
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The Supreme Court has struck down affirmative action in college admissions, forcing institutions of higher education to look for new ways to achieve diverse student bodies.
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In South Florida, federal and state legislators mostly condemned the high court's ruling.
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Talking with an advisor can identify if you should set up income-driven repayments, automatic payments or other options.
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A majority of the court's conservatives indicating great skepticism over the president's loan-forgiveness plan.
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On Tuesday, the justices will hear expedited arguments in a challenge to the Biden plan brought by six states — Missouri, Nebraska, Iowa, Arkansas, Kansas and South Carolina.