Current College Students Qualify for Student Loan Forgiveness, Do You?
President Biden announced on Wednesday August 24th, 2022 the loan balances of millions of individuals who took out Federal student loans before July 2022 could fall by as much as $20,000. Additionally the Biden Administration is proposing a rule change that will forgive $12,000 in original loan debt if borrowers have paid on their loans for at-least 10 years. Below we’ll explain how his administrations plan would work under the information we currently have. Who qualifies for loan forgiveness? Based on what we currently know, individuals who are single and making up to $125,000 and those who file jointly making