April 30 is the next big deadline for student loan borrowers seeking to have their debt forgiven. Yahoo Finance Senior Columnist Rick Newman explains who this may be applicable to — particularly long-term borrowers who are still paying off loans due to their income — and the steps to apply and qualify for this benefit.
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With over 43 million Americans paying off student loans, John Oliver discusses how so many people have come to take on student loan debt, why it’s so hard to pay off, and what we can do about it, mama.
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Here is my response to @CalebHammer during his Financial Audit – Student Loan Debt!
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After 3 plus years Student Loan payments are resuming. The $1.7 trillion in student loan debt will cause those who owe this debt to cut back on spending. This will further slow down the economy. But if you or someone you know has student loan debt there are some things you need to do right now in order to tackle this debt and knock it out as soon as possible. So much for Student Loan forgiveness.
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The Biden administration is launching a beta website for its new income-driven student loan repayment plan Sunday. https://abc7chicago.com/biden-student-debt-loan-repayment-plans-income-driven/13573949/
Imagine having your student loan debt completely wiped out within the next month! It may sound impossible, but for 800 thousand people, this dream is about to become a reality. The Education Department recently announced plans to write off over $39 billion of loans, tax-free, benefiting those who have been burdened by student loan debt for over 20 years.
In this video, we’ll break down the eligibility criteria for the program and reveal the hidden benefits of consolidation. Learn how combining your federal loans could accelerate your journey to loan forgiveness, as demonstrated by real success stories like Kyle’s, who eliminated almost half a million dollars in student debt.
Don’t miss this opportunity to take charge of your financial future. Watch now to explore the path to student loan forgiveness and find out if it’s time for you to consolidate.
*ADDITIONAL READING*
Want a deeper dive? Read our blog post on *How the IDR Waiver Works* available here: https://www.tateesq.com/learn/idr-waiver-adjustment
And on *Should I Consolidate My FFEL Loans to Direct Loans* available here: https://www.tateesq.com/learn/ffel-should-consolidate-direct-loans/
*TIME STAMPS*
00:00 Introduction
01:07 Context & Background
02:07 Explanation of Income-Based Forgiveness
02:48 IDR Waiver Explanation
03:34 Eligibility & Consolidation
05:11 Consolidation Superpowers
06:36 Case Study: Kyle
07:40 Clarifying Consolidation & Waiver
08:23 Outro
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*CREDITS*
Hosted by Stanley Tate
Produced by Marc Vilarnau
Editing by Marc Vilarnau
Motion graphics by Unai Vellido
Copywriting by Emma Head
Color Correction by Bojan Ilieski
Every year South African students battle rising debt despite their protests for free education. The Walter Sisulu Council has announced a debt forgiveness programme. It allows students to get their certificates so they can apply for jobs. For more, eNCA speaks to the university’s council chairperson Adv. Tembeka Ngcukaitobi. #DStv403
The Biden administration released a new student loan payment plan that would lower monthly payments for millions of borrowers and pause them completely for some. There’s been a freeze on loan repayments throughout the pandemic, but that’s coming to an end in June. The new proposal comes while plans to cancel some of the debt are held up in court. Cory Turner of NPR joined Geoff Bennett to discuss.
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Sen. Elizabeth Warren (D-Mass.) defends President Biden’s student loan forgiveness program and criticizes the Texas court stalling it during an exclusive interview with Meet the Press.
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