Below you'll find a list of all posts that have been categorized as “Student Loan Forgiveness”
The idea of Joe Biden implementing a massive student loan forgiveness or debt cancellation program continues to gain traction. In the past, Biden said he supported some debt forgiveness, but he wanted it to come from Congress rather than the President. More recently, Biden has openly explored the possibility of …
The goal of this list is to help borrowers decide which loan forgiveness programs are worth pursuing. Hopefully, many people will also learn about previously unknown forms of forgiveness. No forgiveness program can be classified as easy, and some programs only forgive a portion of the debt. However, for many …
Determining how often or when you need to submit an Employer Certification Form (ECF) is tricky. This is one instance where the minimum requirements under the rules and the best practices are dramatically different. This article will cover the technical requirements for ECF submissions and explain why a greater frequency …
Generally speaking, the earliest the Public Service Loan Forgiveness (PSLF) clock can start is six months after graduation. This puts recent grads, graduate students, and those working full-time during school at a significant disadvantage. Working for the government or another PSLF eligible job alone is not enough. Borrowers must be …
I’ve heard from several government contractors who were disappointed with their progress towards student loan forgiveness. Working as a government contractor doesn’t mean it is impossible to qualify for student loan forgiveness. However, it does make things more difficult. Today we will cover the eligibility rules as they apply to …
There is a lot of fine print with student loan forgiveness. To say there is a “catch” with student loan forgiveness might be an understatement. In fact, there are several reasons student loan forgiveness might not be as good as it seems. That said, for many borrowers, student loan forgiveness …
In this edition of the Student Loan Sherpa Mailbag, we take a look at Steve’s Public Service Loan Forgiveness dilemma. Steve is just a few years away from qualifying for Public Service Loan Forgiveness (PSLF). A big jump in salary, however, has him questioning whether PSLF has an income limit …
Initially, it might seem really hard to find employers eligible for Public Service Loan Forgiveness (PSLF). Many student loan borrowers have a hard time determining if their current employer is eligible for PSLF. Evaluating potential places of employment adds to the level of difficulty. Fortunately, there are many tools available …
Student loan forgiveness for all is becoming very popular. Support extends beyond the borrowers who would directly benefit. Many consumer advocates and economists also support debt cancellation. Consumer advocates point to the inequalities of student debt. Economists think student loans are a drag on the economy. Despite the increasing popularity of …
I’ll come right out and say it: I don’t think the student loan tax bomb is going to happen. The borrowers who earn forgiveness on an IDR plan probably won’t face the much-feared tax bill. Obviously, I’m not 100% certain about this prediction, but things are definitely trending in the …
