Forbes Advisor’s Post

Three major Biden administration student loan relief programs are on track to end during the month of September. The benefits of these programs have had far-reaching effects, and their conclusion will impact student loan forgiveness, repayment, collections, and credit reporting for millions. Here’s a breakdown and what borrowers should know:

The Biden administration has been steadily approving student loan forgiveness for millions of borrowers across the country. Through a series of executive actions and regulatory changes that President Joe Biden has billed as “fixes” and “improvements” to broken programs that Congress had authority authorized, more than four million borrowers have received, or been approved for, loan forgiveness. The changes have served as somewhat of a workaround for Biden in implementing student debt relief following last summer’s Supreme Court ruling striking down his separate loan forgiveness plan, while officials work to finalize a new program that could be available as soon as this summer. Last month, the Education Department released a detailed state-by-state breakdown of recent student loan forgiveness approvals under the new SAVE plan. And three states in particular stand out as receiving the most relief.

🚨 Big News for Student Loan Borrowers! 🚨 The Biden administration is rolling out a new student loan forgiveness plan this fall. 📧 Check your email for details and don’t miss out on potential relief! 💸 #StudentLoans #DebtRelief #BidenPlan #Education

Here’s where things stand, and what borrowers need to know about the future of SAVE and potential impacts on other student loan forgiveness and repayment programs.

For more information and online tools to assess your eligibility on Income-Driven Repayment (IDR) and Public Service Loan Forgiveness (PSLF) plans contact LoanBYE. Also connect with your employer to see if they offer student loan contribution benefits. #humanresources #studentloanbenefits

#ICYMI: Student loan forgiveness continues to be a major political and policy issue in America. The Biden administration has taken steps to provide relief to millions of borrowers despite legal setbacks. While many have benefited from these efforts, not everyone has received the forgiveness they expected. Here are 5 reasons why you haven't gotten student loan forgiveness:

Are the student loan forgiveness programs👇 hitting EVERYONE?!?!?!?!?!?!? Are we in this business of paying off student loans for nothing? 💥 Talk to us! Tell us your story. Where are the people who have student loans that are not being "forgiven?" 👀 Where are the people who like to help others voluntarily?!?!?!? 👀 #studentloanrepayment #ObliterateMyStudentLoansInc #payitforward #joinusnow

📢 Exciting News for Student Loan Borrowers! 📢 Stay informed with the latest updates in student loans. Check out this comprehensive guide from Student Loan Professor to get all the insights you need for June 2024. Don't miss out on essential info to manage your loans better! 💡💸 📰 Read more here: https://lnkd.in/gnaQ4F6P

There’s been a lot of student loan forgiveness news to keep track of, so here’s a recap of the five biggest student loan updates and what to look out for this year.

There’s been a lot of student loan forgiveness news to keep track of, so here’s a recap of the five biggest student loan updates and what to look out for this year.