If you’d like to help us continue producing videos feel free to giving what ever you like through:
Venmo – @PrincipiaPrep
Or
Buy Me A Coffee – https://www.buymeacoffee.com/PrincipiaPrep
In this video, “Biden $10,000 Federal Loan Forgiveness Update – Extensions, Forgiveness & Refi’ing Student loans” We talk about the newest news that has come out about the Biden administration With the moratorium on repayment, interest and collections for federal student loans extended through Aug. 31, student loan borrowers might be wondering whether they can expect another extension beyond that date.
We believe the federal student loan forbearance will continue past August 31st, 2022 into likely Nov or Dec with the $10,000 student loan forgiveness being the final end game to the whole $50,000 or $10,000 federal student loan forgiveness.
After all, President Joe Biden has extended the student loan payment moratorium four times since he took office, with the last one described as the “final” extension when it was announced last January.
There’s also the matter of loan forgiveness for all student borrowers. Both Democrats and President Biden have floated the idea of at least $10,000 in blanket forgiveness for student loan borrowers, but that hasn’t yet gained traction in Congress — Biden’s preference — or as an executive order. While President Biden supports canceling $10,000 in student debt, he has also questioned his legal authority to do so through an executive order. Last year, Biden requested a memo from the Department of Education to determine his authority, but at this time, it’s not clear if the memo process is completed or what the findings might be.
On April 6, 2021, the U.S. Department of Education (ED) extended COVID-19 emergency relief for student loans through August 31, 2022. The emergency relief includes the following measures for eligible loans:
a suspension of loan payments
a 0% interest rate
stopped collections on defaulted loans
Have questions? Find out what loans qualify and get additional information about the COVID-19 emergency relief for student loans.
Psaki offered $125,000 as a possible threshold in a briefing for reporters traveling with the president to a weapons plant in Alabama.
The president has been prodded by progressives including Democratic Senator Elizabeth Warren to forgive at least $50,000 per borrower, but Biden has said he won’t relieve that much debt by executive action. He proposed eliminating $10,000 per borrower during his presidential campaign.
Biden’s latest focus is improving the Public Service Loan Forgiveness (PSLF) program, which helps student loan borrowers such as first responders, teachers, service members in the military, nurses, doctors and other public servants get federal student loan cancellation. As part of the College Cost Reduction and Access Act, Congress created the federal program on a bipartisan basis in 2007 during the President George W. Bush administration. As of April 30, 2021, the U.S. Department of Education has cancelled $452.7 million of student loan debt for 5,467 student loan borrowers through the Public Service Loan Forgiveness program.
Additional Videos to view:
The Introductory Video For The James Russo Memorial Scholarship – Scholarships 2021/2022
Yes It’s Time To Refinance Your Student Loans – Sofi, Citizens Bank, Earnest- Interest Rates Rising
Biden $10,000 Federal Loan Forgiveness Update – Extensions, Forgiveness & Refi’ing Student loans
If you’d like to help us continue producing videos feel free to giving what ever you like through:
Venmo – @PrincipiaPrep
Or
Buy Me A Coffee – https://www.buymeacoffee.com/PrincipiaPrep
In this video, “Biden $10,000 Federal Loan Forgiveness Update – Extensions, Forgiveness & Refi’ing Student loans” We talk about the newest news that has come out about the Biden administration With the moratorium on repayment, interest and collections for federal student loans extended through Aug. 31, student loan borrowers might be wondering whether they can expect another extension beyond that date.
We believe the federal student loan forbearance will continue past August 31st, 2022 into likely Nov or Dec with the $10,000 student loan forgiveness being the final end game to the whole $50,000 or $10,000 federal student loan forgiveness.
After all, President Joe Biden has extended the student loan payment moratorium four times since he took office, with the last one described as the “final” extension when it was announced last January.
There’s also the matter of loan forgiveness for all student borrowers. Both Democrats and President Biden have floated the idea of at least $10,000 in blanket forgiveness for student loan borrowers, but that hasn’t yet gained traction in Congress — Biden’s preference — or as an executive order. While President Biden supports canceling $10,000 in student debt, he has also questioned his legal authority to do so through an executive order. Last year, Biden requested a memo from the Department of Education to determine his authority, but at this time, it’s not clear if the memo process is completed or what the findings might be.
On April 6, 2021, the U.S. Department of Education (ED) extended COVID-19 emergency relief for student loans through August 31, 2022. The emergency relief includes the following measures for eligible loans:
a suspension of loan payments
a 0% interest rate
stopped collections on defaulted loans
Have questions? Find out what loans qualify and get additional information about the COVID-19 emergency relief for student loans.
Psaki offered $125,000 as a possible threshold in a briefing for reporters traveling with the president to a weapons plant in Alabama.
The president has been prodded by progressives including Democratic Senator Elizabeth Warren to forgive at least $50,000 per borrower, but Biden has said he won’t relieve that much debt by executive action. He proposed eliminating $10,000 per borrower during his presidential campaign.
Biden’s latest focus is improving the Public Service Loan Forgiveness (PSLF) program, which helps student loan borrowers such as first responders, teachers, service members in the military, nurses, doctors and other public servants get federal student loan cancellation. As part of the College Cost Reduction and Access Act, Congress created the federal program on a bipartisan basis in 2007 during the President George W. Bush administration. As of April 30, 2021, the U.S. Department of Education has cancelled $452.7 million of student loan debt for 5,467 student loan borrowers through the Public Service Loan Forgiveness program.
Additional Videos to view:
The Introductory Video For The James Russo Memorial Scholarship – Scholarships 2021/2022
Yes It’s Time To Refinance Your Student Loans – Sofi, Citizens Bank, Earnest- Interest Rates Rising
Student Loan Forgiveness & What’s Likely To Happen – Biden Loan Forgiveness & Student Loan Debt
College Cost are rising – 8 Ways You Can Reduce College Cost
What Are Pell Grant And How Do You Get them? Free College Grants To Help Pay For College.
How To Create The FAFSA FSA ID’s A Step By Step Guide To Start Completing The Fafsa For 2021 & 2022
Fafsa complete step by step guide to the 2022/2023 Fafsa for Divorced, Separated & Widowed Parents
Fafsa step by step guide to completing the 2022/2023 Fafsa for Married & Remarried Parents
If you need help with the college process please fee free to contact us at [email protected] or call at 908-400-1363.
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