How To Get Student Loan Forgiveness in 2024
Student loan forgiveness has a mixed track record. Last summer, the Supreme Court struck down a broad plan that would’ve erased up to $20,000 per borrower. Still, student loan forgiveness is more accessible now than ever before. A handful of existing federal student loan forgiveness programs have erased $143.6 billion in student debt for 3.96 million borrowers as of March 21, according to the Education Department, with more to come this year.
The White House is currently trying to push through a narrower forgiveness ‘Plan B’ version of its failed broad forgiveness plan. The proven paths to forgiveness, however, include programs that range from income-driven repayment (IDR) plans — which cap monthly bills at a percentage of your income and forgive your remaining balance after 10 to 25 years — to niche programs for borrowers with certain loan types, jobs or school circumstances.
Here’s how to get student loan forgiveness in 2024 — and what you need to know before pursuing this path.
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Osmar Ponce
I have 20000
Willie mae wheeler
I’m 68 and on social security and I don’t have any extra funds after paying my bills. Please forgive this loan .
Harriet Fein Charnow
I am 78 i am on social security and have been paying on a student loan for 40 years but there is never an end I have had heart surgery and I have Copd how can I get debt forgivenes
Shannon
I have currently $29,000 in school debt and paid on it for at least 10 years after I had to start paying. I need this loan forgiven I just can’t afford it w the cost of living!
Rosetta Blackshear
I have had this loan for 25 years and I didn’t not get to finish the course because the school closed down before I got to finish the course I need this loan forgiveness please
Anonymous
One of the worst things about student loan is the daily compound intrest. Jesus how can you pay down the principal when the inerest that is added on is cumulative. It is so frustrating. The ignorant feedback says, ” pay extra” out if what. ?? This sucks!