* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, July 11, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Who Qualifies For Biden’s $39 Billion Student Loan Forgiveness? Here’s How To Find Out

July 15, 2023
in Business
Who Qualifies For Biden’s $39 Billion Student Loan Forgiveness? Here’s How To Find Out
Share on FacebookShare on Twitter

Topline

President Joe Biden and the Department of Education announced $39 billion in student loan forgiveness Friday (read more here), a watered-down version of his previous, more ambitious student loan forgiveness plan—but to find out if you qualify, you’ll need to look back at a repayment history stretching back at least two decades, keeping recent grads from immediate relief.

Students make their way through the Sather Gate near Sproul Plaza on the University of California at … [+] Berkeley campus in March 2022, in Berkeley, California.

ric Risberg,Associated Press. All rights reserved

Key Facts

Essentially, borrowers are already eligible for some forgiveness through a program that already exists after they’ve made at least 240 or 300 monthly payments—depending on what specific repayment plan they’re on and the loan they took out—but previously, months where payments were late, partial or deferred didn’t count toward that.

Friday’s announcement changes that, and monthly payments that previously didn’t count toward the forgiveness now will.

This applies to people on an income-driven repayment plan—which is a payment plan that is adjusted based on income and family size—or who were on one in the past, as well as people in the public service loan forgiveness program or people who have direct or federal family education loans held by the Department of Education.

Anyone who fits into one of these categories can determine their eligibility by adding up the number to the amount of normal monthly payments they’ve made, the number of months they’ve made late or partial payments, the number of months they’ve paused repayment (but only if they’ve spent 12 or more consecutive months or 36 or more cumulative months pausing payments) and the amount of months they’ve deferred payment (but only economic hardship or military deferments count after January 1, 2013, while in-school deferments don’t count if they happened before 2013).

If the number reaches a minimum of 240 or 300 months depending on the type of program borrowers are in, they’ll be eligible for student loan forgiveness.

To determine whether they need 240 or 300 months, borrowers will have to look at the specific type of repayment plan they’re on and the loan they took out.

For anyone struggling to count, the Department of Education will contact and notify everyone who will have loans forgiven as a result of these changes, starting Friday.

Surprising Fact

Unlike Biden’s earlier plan, the student loan forgiveness plan announced Friday doesn’t have a blanket amount of forgiveness for large swaths of borrowers. How much is forgiven is unique to each borrower and depends on several different factors.

Contra

Those who haven’t been paying at all for a number of years already are unlikely to be eligible.

News Peg

The student loan forgiveness announced Friday boils down to changes being made to a loan forgiveness program that already exists through the Higher Education Act and Department of Education regulations.

Key Background

Friday’s loan forgiveness comes two weeks after the Supreme Court struck down Biden’s more ambitious student loan forgiveness plan. Biden initially promised to forgive up to $20,000 in debt for 43 million federal borrowers, but a 6-3 conservative majority on the court ruled he didn’t have the authority to do so. The Supreme Court estimated that plan would’ve erased $430 billion in debt for 20 million borrowers. That’s compared to Friday’s $39 billion for 804,000 borrowers.

Crucial Quote

Under Secretary of Education James Kvaal argued that prior to Friday’s changes, “millions of borrowers had earned loan forgiveness but never received it,” which he said was “unacceptable.” “Today we are holding up the bargain we offered borrowers who have completed decades of repayment.”

Further Reading

Biden Announces $39 Billion Student Loan Forgiveness—800,000 Borrowers Could Have Debts Forgiven (Forbes)

Supreme Court Strikes Down Biden’s Student Loan Forgiveness (Forbes)

Biden Unveils New Details On Plan B For Student Loan Forgiveness (Forbes)

Follow me on Twitter or LinkedIn. Send me a secure tip. 

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Forbes – https://www.forbes.com/sites/willskipworth/2023/07/14/who-qualifies-for-bidens-39-billion-student-loan-forgiveness-heres-how-to-find-out/

Tags: Biden’sbusinessQualifies
Previous Post

The FTC Gets Steamrolled Again, Losing Appeal To Stop The Microsoft Activision Deal

Next Post

Striking Actors Say Hollywood Studios Want To Perpetually Use AI-Generated Replicas Of Actors For One Day’s Pay

Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

July 11, 2025
Angel Reese’s rebounding greatness summed up in one wild statistic – Yahoo Sports

Angel Reese’s rebounding greatness summed up in one wild statistic – Yahoo Sports

July 11, 2025
International call for freedom for environmentalist Onur Yılmaz – ANF English

International call for freedom for environmentalist Onur Yılmaz – ANF English

July 11, 2025
This week in science: a comet, plastic-eating bugs, and how altitude changes smell – KUOW

This week in science: a comet, plastic-eating bugs, and how altitude changes smell – KUOW

July 11, 2025
Science Museum of Minnesota cutting more than 40 full-time employees – CBS News

Science Museum of Minnesota to Cut More Than 40 Full-Time Jobs

July 11, 2025
Doctors say we’ve been misled about weight and health – ScienceDaily

Doctors Reveal the Truth About Weight and Health That You’ve Been Misled About

July 11, 2025
Sierra Club breaks record for world’s largest display of origami fish to protest Line 5 – News From The States

Sierra Club Creates Giant Origami Fish to Break World Record and Protest Line 5

July 11, 2025
Senate Democrat: Trump economy full of ‘uncertainty,’ ‘chaos’ – The Hill

Senate Democrat Warns of ‘Uncertainty’ and ‘Chaos’ in Trump Economy

July 11, 2025
Arts and entertainment events happening July 10th-13th across the Mid-Ohio Valley – WTAP

Unmissable Arts and Entertainment Events Happening July 10th-13th in the Mid-Ohio Valley

July 11, 2025
World’s Premier Cancer Institute Faces Crippling Cuts and Chaos – KFF Health News

World’s Leading Cancer Institute Grapples with Devastating Cuts and Turmoil

July 11, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (715)
  • Economy (738)
  • Entertainment (21,626)
  • General (15,827)
  • Health (9,775)
  • Lifestyle (745)
  • News (22,149)
  • People (740)
  • Politics (748)
  • Science (15,956)
  • Sports (21,237)
  • Technology (15,724)
  • World (721)

Recent News

Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

July 11, 2025
Angel Reese’s rebounding greatness summed up in one wild statistic – Yahoo Sports

Angel Reese’s rebounding greatness summed up in one wild statistic – Yahoo Sports

July 11, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version