Life Kit Student loan forgiveness Q&A
Oct 24, 2022
Explore the ins and outs of the new student debt relief program, including who qualifies for forgiveness and how to apply simply and effectively. Delve into the legal battles surrounding the initiative and the potential impact on borrowers. Discover insights about the Public Service Loan Forgiveness program and why acting quickly is crucial before payments resume. Plus, lighten the mood with fun baking tips and listener engagement, making this a mix of financial advice and light-hearted conversation.
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Apply for Student Loan Forgiveness
- Apply for student loan forgiveness through the easy online application.
- It requires basic information and takes just a few minutes to complete.
Application Process and Verification
- After applying, the Department of Education verifies eligibility using its database.
- Borrowers near the income limit might need additional verification.
Eligible Loan Types
- Federal Direct Loans issued by the Department of Education qualify for forgiveness.
- Older FFEL loans held by private banks are currently excluded.