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Here are some of the best student loan forgiveness options

Here are some of the best student loan forgiveness options By Josh Patoka article With record amounts of student loan debt, more borrowers qualify for student loan forgiveness. Here the most popular loan forgiveness options. (iStock) Student loan forgiveness is a popular personal finance topic these days as the Biden Administration proposes to forgive up to $10,000 in federal student loans. There are currently several student loan forgiveness programs that cancel any remaining loan balance after 10 to 25 years of qualifying payments for most federal loans. The borrower no longer has to repay their student loans after qualifying for loan forgiveness. Private student loans do not qualify for federal student loan forgiveness but can be discharged due to a total or permanent disability or death. Only in rare instances do federal or private school loans get forgiven when the borrower declares bankruptcy. If you have private student loans, you may want to consider refinancing y

Student loan relief extended until Sept 30: How to take advantage of it

Student loan relief extended until Sept. 30: How to take advantage of it Susan Tompor, Detroit Free Press © Seth Wenig, The Associated Press Bergen Community College commencement in 2018 at MetLife Stadium in East Rutherford, N.J. If you re juggling federal student loan debt along with other bills, you re about to get another pandemic-related break.  Those who lost a job during the pandemic and now need to decide whether to pay their student loan debt or buy groceries can hold off making federal student loan payments through Sept. 30. The temporary pause for federal student loan payments had been set to end Jan. 31 for more than 42 million borrowers.

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