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.
Will your student loans be forgiven?
While no formal plans have been made public, the Biden administration has indicated who may be eligible for federal student loan forgiveness.
Who Is Eligible?
This limited waiver is available to borrowers who currently have FFEL, Perkins, or other indirect loans if they apply to consolidate into the Direct Loan program and submit a PSLF form by Oct. 31, 2022.