How you may be eligible for student loan forgiveness

The US Department of Education is implementing a payment adjustment that could grant borrowers credit toward loan forgiveness. Mark Kantrowitz, student loan expert and author of "How to Appeal for More College Financial Aid," joins Wealth! to break down the details of this credit.
Kantrowitz highlights June 30 as the crucial eligibility deadline by which borrowers must consolidate their loans. He clarifies that this adjustment specifically applies to Federal Family Education (FFEL), Perkins, and Health Education Assistance (HEAL) loans.
"These are older loans that have probably been in repayment for a long time," Kantrowitz explains to Yahoo Finance. "And if they get the benefit of the payment count adjustment... they may have already met the requirements for forgiveness."
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[@Villlxn]

Yeah I need that debt paid off good stuff

[@robertlouisburns]

So, so they want to be fair and forgive all student loans or not the doctor loans, some they will be making plenty of money. Is it just the losers who gained useless degrees that won’t get them hired?

[@aqeeljiskani6471]

Hello I'm from Pakistan. I want a student loan

[@user-yy9hk9od9u]

Forgiving one debt adds to another.

[@TheScottyRog]

wrong

[@Sparta1993]

@@TheScottyRogstudent loan payments don’t get forgiven. They move the debt to the national debt. Which gets paid every month.

[@NormanSilver]

Call your broker in Mexicali.

[@erniepeters1695]

Can someone on the left give me a serious, non slogany, answer why student debt voluntarily agreed to should now be transferred to me and other taxpayers? I work for a living, own my home, pay my bills. Why do I have to pay for some Rich kids college? Or for students who never finished and/or don’t use their degrees to work and earn their own way? Anyone? Anyone?

[@luvzfrance24]

@@erniepeters1695 it's not being transferred to the tax players. The government will treat the forgiveness as a write off.

[@erniepeters1695]

@@luvzfrance24 what exactly do you mean a “write off”? Do you honestly believe that these debts just magically dissapear? He money has already been paid out to schools, if the borrowers don’t repay then the taxpayers pick it up one way or another. “Writing it off” rally means packing it into the national debt…which we, and our kids, and our grandchildren etc will be paying for. Sorry, Joe can’t wish it away. Of course the taxpayers are on the hook.

[@hanschristianbrando5588]

@@luvzfrance24 Says who?

[@luvzfrance24]

@@hanschristianbrando5588 anyone who is granted forgiveness before January 2025 will have their loans treated as a write off which means it's as if the government never had it on its books. After 2025 the loan is forgiven but the amount becomes taxable income so again your taxes are not involved. At that point it's the person who took out the loan that's paying taxes.

[@reinavenus7986]

People here complain for student Loans Forgive: But the don't complain in billion dollars the send to Ukrane or Israel ? So the prefered the money go outside than stay here and help others. That other people also paid taxes , and the people outside the received our taxes money the only want is squeeze us.

[@backcountyrpilot]

The responsible among us are against all forms of government irresponsibility, including this student debt transfer and funding foreign wars.

[@ernestgunville2915]

I am an enrolled member of the Cheyenne River Sioux Tribe......I worked my ass off to pay off my student loan....Why should we forgive anyone....why??? '

[@koboskolors]

If you signed your name to a debt; you pay it! Simple!

[@anthonyr5869]

Nope you can pay it

[@TriumvirSajaki]

Never took out student loans. So glad I'm getting taxed to bail out a bunch of people with useless degrees

[@xMysteriousGamingx]

Yeah, if only I bought SOFI stock with my tuition. It’s too bad I never finished my degree after getting covid and taking vaccines.

[@TheSlayer2080]

I’m an electrician. It’s awesome doing hard physical labor to fund a 4 year vacation for “oppressed” brats so they could figure out that they better get to a coding boot camp.

[@raqcem99]

thanks Joe Biden for making folks that are already struggling pay for others loans. they agreed to pay their loan back, i did not agree to pay it for them.

[@reinavenus7986]

@@raqcem99 and You agree paid wars in middle east , but You not agree to paid SOMETHING for people inside OF USA ? Remember does people WHO have Students Loans also paid taxes. So You are not the only ONE.

[@raqcem99]

@reinavenus7986 i dont agree with war spending either thanks though sir

[@erniepeters1695]

@@reinavenus7986 how does one have anything at all to do with the other?