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To apply for student loan forgiveness, you’ll need to submit a Total and Permanent Disability Discharge application on the Federal Student Aid website and provide supporting documentation of ...
The Biden administration recently announced that it has cancelled $7 billion in federal student loan debt for about 350,000 borrowers with disabilities through a data-sharing initiative between the...
Even though borrowers have until Dec. 31, 2023, to apply for student loan forgiveness, many are not waiting to start the application process. By applying now, borrowers who received Federal Pell...
Getting rid of federal student loan debt has just become easier — in many cases automatic — for borrowers with qualifying disabilities. The U.S. Department of Education announced that it will ...
One exception to the requirement to file 1099-C is when a student loan has been discharged due to the death or permanent disability of the borrower under provisions of the Tax Cuts and Jobs Act of 2017. The IRS has issued a notice that lenders or servicers of loans discharged under these provisions are not required to issue Form 1099-C, and ...
Administration officials continue to press their case that the loan forgiveness program is necessary to give borrowers financial relief before federal student loan repayments are set to resume in ...
There are a few options for getting out of student loan payments. Your loan, job status and sometimes even the school you attended will play a role in determining your eligibility for these ...
The total discharged debt includes $51 billion for 715,000 borrowers through the public service loan forgiveness ; $11.7 billion for permanent disability discharges for more than 513,000 borrowers ...