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Student Loans

No, taxes are not going up to pay for student loan forgiveness

Government

No, taxes are not going up to pay for student loan forgiveness.

President Biden’s student debt relief plan does not raise taxes to pay for it, which is something only Congress can do.
Student Loans

Emails from ‘Student-Loan Debt Department’ are scams

Did you get an email about debt relief from the “Student-Loan Debt Department” after the White House’s latest debt relief plan announcement? Here’s why it’s a scam.
Scams

Student-Loan Debt Department email is a scam

Did you get an email about debt relief from the “Student-Loan Debt Department” after the White House’s latest debt relief plan announcement? Here’s why it’s a scam.
Student Loans

Government doesn't send checks to forgive student debt

A VERIFY reader asked if borrowers receive a check when the government forgives their student loans. It doesn’t. Here’s how student loan relief is issued.
Student Loans

No, the Biden administration’s latest $4.9 billion student debt relief isn’t a new program

The latest round of debt relief is primarily from adjustments to preexisting income-driven repayment (IDR) plans and public service loan forgiveness (PSLF) plans.
Student Loans

Yes, some student loan borrowers need to consolidate by April 30 to get one-time adjustment

Most borrowers will get the adjustment automatically, but borrowers with commercially managed FFEL, Perkins or HEAL loans will have to consolidate before April ends.
Student Loans

Borrowers eligible for new $9 billion in student debt relief don’t have to apply to get forgiveness

The Biden administration recently said it’s canceling another $9 billion in student debt for certain borrowers. We VERIFY what you need to do to see that relief.
Student Loans

Yes, the Biden Administration did cancel an additional $9 billion in student loan debt

125,000 people with federal student loans who fall into one of three categories will be eligible for new debt relief.
Shutdown

Yes, you are still responsible for paying your student loans during a government shutdown

Student loan repayments will resume in October — and interest will continue to accrue — even if the federal government shuts down.
Education

Parent PLUS loans can qualify for forgiveness if they’re consolidated

Parent PLUS loans can be forgiven under an income-contingent repayment plan or through public service loan forgiveness, but they must be consolidated first.
Student Loans

Yes, your student loans can be discharged in bankruptcy, but it’s not guaranteed

You have to prove your student loans are causing you undue hardship before the court will agree to discharge them in bankruptcy proceedings.