Below you'll find a list of all posts that have been tagged as “student loan forgiveness”
This week the House Democrats introduced the College Affordability Act of 2019. The news may have gotten buried beneath the many other headlines out of Washington, but the significance of the College Affordability Act should not be overlooked. Even if the bill does not get through Congress, it is a …
The big dream for many student loan borrowers is that the 2020 election leads to their student debt being forgiven. With Elizabeth Warren and Bernie Sanders both supporting versions of massive student loan cancellation, it is hard not to get excited. Unfortunately, there is a major obstacle that would prevent …
Public Service Loan Forgiveness (PSLF) provides borrowers an opportunity to get unlimited amounts of federal student loans forgiven tax-free. The danger with pursuing PSLF is that it takes at least ten years, and borrowers could at risk of the program being canceled, rules changing, and rejection. Planning ahead requires asking …
It is hard to overstate the importance of deciding between aggressively paying off your student loans through refinancing or waiting for student loan forgiveness. Doctors, lawyers, and many other professionals with graduate degrees often have well over $100,000 in federal student loans, and the wrong decision could cost thousands of …
After much anticipation, Joe Biden has finally released the full details of his student loan plan. Even though Biden doesn’t promise massive student loan forgiveness like Elizabeth Warren and Joe Biden, there is still plenty of good news for student loan borrowers. Biden is calling for significantly lower monthly payments …
Earlier this year, Elizabeth Warren made headlines by announcing a plan to forgive student debt for most borrowers, up to $50,000. The plan earned praise from many on the left and criticism from many on the right. Bernie Sanders entered the discussion by making a large student debt forgiveness proposal …
The hot political debate right now is whether or not student loan forgiveness for all borrowers is a good idea. Presidential candidates Elizabeth Warren and Bernie Sanders both have released plans for forgiveness, and it appears the issue will be a factor in the 2020 election. I think that all …
Now that Bernie Sanders and Elizabeth Warren have both proposed massive student loan forgiveness, it introduces a complicated situation for borrowers. Traditionally, paying off student loans aggressively — often utilizing student loan refinancing — was the most efficient way to pay off debt. This path might make less sense now …
Getting federal student loans forgiven seems like a dream come true. In as little as 10 years, federal debt is eliminated and a huge financial burden is lifted. The reality is that securing loan forgiveness can be a long a difficult process. While this form of debt elimination can certainly …
Editor’s Note: This article was originally published May 29, 2019. It has been updated to include new information and analysis on Warren’s student loan forgiveness proposal currently in the Senate. Now that Elizabeth Warren has proposed forgiving most student loan balances below $50,000, some borrowers are considering put a halt …
