The Main library had several program related to Student Loan Forgiveness. Since the beginning of the pandemic, President Biden’s office delayed the payment of federal student loans and extended the pause several times. The payment pause was supposed to end on August 31st, 2022.
Is has been just announced (as of August 2022) that the President is going to forgive 10-20K in student loans depending on income level and financial need. Payment and interest pause will be extended to the end of the year.
October 2022 Update:
Two important updates about Student Loan Forgiveness from Jason Anderson, the presenter of our Student Loan Forgiveness programs.
The first update I have for you is regarding President Biden’s student loan debt relief plan.
As you may recall, in August the Biden Administration announced a sweeping loan forgiveness plan that will forgive up to $20,000 in federal student loan debt. The Department of Education recently opened a beta launch of the loan application. This tells me the official form is right around the corner.
I’ll make sure to send another email when the official form is live, but it wouldn’t hurt to check on the previous link when you have a spare minute to see if you will be one of the lucky few to submit your application before everyone else. I can confirm that I was able to submit an application early this morning using the beta form.
In any case, it’s important to apply early for this loan forgiveness program. Why? There are several legal challenges to the President’s initiative that could derail the program altogether. By applying early, you give yourself the best shot at locking in forgiveness if one of these lawsuits succeeds.
The second update is a reminder of a looming deadline occurring at the end of this month, specifically, October 31. This is the deadline for the Public Service Loan Forgiveness (PSLF) Waiver program.
The PSLF Wavier is an unprecedented opportunity for nonprofit professionals, government workers, and other public servants to gain extra qualifying payments toward forgiveness. If you fit into one of these categories – or know someone who does – you need to pass this information along before time is up.
If you couldn’t make it to one of our programs, here is a recording of the last one that the library offered: