Benefit store – Slimming Pills Review http://slimmingpillsreview.com/ Tue, 22 Nov 2022 13:40:31 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://slimmingpillsreview.com/wp-content/uploads/2021/10/icon-120x120.png Benefit store – Slimming Pills Review http://slimmingpillsreview.com/ 32 32 Cancellation of the student loan has been blocked. Now what? 3 questions answered https://slimmingpillsreview.com/cancellation-of-the-student-loan-has-been-blocked-now-what-3-questions-answered/ Tue, 22 Nov 2022 13:27:18 +0000 https://slimmingpillsreview.com/cancellation-of-the-student-loan-has-been-blocked-now-what-3-questions-answered/ ]]>
Des questions subsistent quant à savoir si le président Joe Biden a le pouvoir d'annuler la dette de prêt étudiant.  <a href="https://www.gettyimages.com/detail/news-photo/student-loan-borrowers-stage-a-rally-in-front-of-the-white-news-photo/1417997650?phrase=student%20loan&adppopup= vrai" rel="nofollow noopener" cible="_Vide" data-ylk="slk:Paul Morigi via Getty Images" classe="lien ">Paul Morigi via Getty Images</a>” src=”https://s.yimg.com/ny/api/res/1.2/Udahj80Iy6ZiBwU4S.Eusg–/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ2OA–/https://media.zenfs.com/en/the_conversation_us_articles_815/e25280c901943466db009-14″ data “</div>
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<p><em>When the Biden administration <a href=announced in August 2022 that it was canceling up to $20,000 in student loan debt per borrower, he said the idea was to give families “breathing room as they prepare to start repaying their loans after the crisis economy caused by the pandemic”. But two federal courts recently blocked President Joe Biden’s student loan relief program, ruling it unconstitutional. Here, Guillaume ChittendenTexas State University finance professor explains why and what’s next for student borrowers still hoping their loans can be forgiven.

1. Why was Biden’s student loan forgiveness program stalled?

It has been found unconstitutional. This decision was made on November 10, 2022 by Judge Mark Pittman of the United States District Court for North Texas, who ruled that the Higher Education Student Support Opportunities Act 2003 – or Heroes Act – “does not provide the executive with clear authorization from Congress” for a student loan forgiveness program. He added that the program was “an unconstitutional exercise of the legislative power of Congress and must be struck down.”

Judge’s ruling prevents any student loans from being forgiven “until a final verdict is rendered” in the case. Technically, this could be taken to the Supreme Court, but it could also be settled at the level of the Court of Appeal.

In a separate case, on November 14, a three-judge panel of the United States Court of Appeals for the 8th Circuit temporarily blocked the program until the case is resolved in court. The 8th Circuit covers seven states, including Missouri, which is one of many Republican-led states seek to block program.

Both rulings effectively block Biden’s plan to forgive up to $20,000 in student loans per borrower.

2. Can it be unlocked?

Both court decisions could be overturned. The Biden administration has argued that the Heroes Act 2003 allows the secretary of education to cancel student loans for those affected by the pandemic.

The Biden administration has already filed a notice of appeal Pittman’s Nov. 10 ruling.

On November 18, the Biden administration asked the Supreme Court to overturn the Court of Appeals order blocking student loan forgiveness. The Supreme Court asked the plaintiffs in the case of provide their response by November 23, 2022.

It’s unclear how the full court might rule. However, in two previous cases, Judge Amy Coney Barrett has beaten down tries to block the student loan cancellation plan.

3. What kind of relief can student borrowers get in the meantime?

Currently, student loan repayments are on hold, but are expected to start again in January 2023. The Biden administration could extend the payment break beyond December 2022. However, in August 2022 – when the last payment suspension extension was announced – the White House said he was supposed to be the final extension.

Despite the decline in widespread student loan forgiveness, some borrowers may still qualify for one or more targeted student loan forgiveness programs. These groups include borrowers who attended a school that closed. Student loans can also be canceled for those who are totally and permanently invalid. The students who were defrauded by their school – for example by being misled about graduate placement rates or the true cost of attending the school – may also be eligible.

In November 2022, the Biden administration released new rules to make it easier to release student loans in bankruptcy. If a student borrower can prove that their expenses equal or exceed their income, student loan debt can be eliminated in the event of bankruptcy.

This article is republished from The conversation, an independent non-profit news site dedicated to sharing ideas from academic experts. It was written by: Guillaume Chittenden, Texas State University. Like this article ? Subscribe to our weekly newsletter.

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William Chittenden does not work for, consult, own stock or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond his academic appointment.

]]> Supreme Court asked to allow Biden’s student loan forgiveness plan https://slimmingpillsreview.com/supreme-court-asked-to-allow-bidens-student-loan-forgiveness-plan/ Sat, 19 Nov 2022 01:55:00 +0000 https://slimmingpillsreview.com/supreme-court-asked-to-allow-bidens-student-loan-forgiveness-plan/
Comment this story Comment The Biden administration on Friday asked the Supreme Court to restore his student loan forgiveness programclaiming that its creation was well within the authority of the education secretary and that a lower court ruling suspending it ‘leaves millions of economically vulnerable borrowers in limbo’. US Solicitor General Elizabeth B. Prelogar criticized […]]]>

Comment

The Biden administration on Friday asked the Supreme Court to restore his student loan forgiveness programclaiming that its creation was well within the authority of the education secretary and that a lower court ruling suspending it ‘leaves millions of economically vulnerable borrowers in limbo’.

US Solicitor General Elizabeth B. Prelogar criticized a 3-0 decision on Monday by a panel of the United States Court of Appeals for the 8th Circuit. He sided with a coalition of six Republican-led states that have asked the court to file any debt forgiveness in ongoing litigation. The injunction shall remain in effect until further decision by that court or by the Supreme Court.

Prelogar said states do not have the legal standing to challenge the administration’s actions and that, in any event, federal law gives the secretary of education broad authority to make changes to the student loan program. in an emergency, such as a pandemic. Both the Trump and Biden administrations have invoked the law to suspend loan repayments.

“Congress expressly contemplated that national emergencies would necessitate student loan relief for affected borrowers, and Congress specifically authorized the Secretary to grant such relief without delay,” Prelogar wrote in the administration’s motion to court. . “Here, the Secretary determined that relief was needed to ensure that borrowers do not default on their payment obligations or enter into default when payment obligations resume, with potentially irreparable consequences for their credit. and their financial future.”

Read the administration’s filing with the Supreme Court

The 8th Circuit’s ruling came days after a federal judge in a separate trial in Texas declared President Biden’s debt relief plan illegal, effectively preventing the Department of Education from accepting more applications and paying off any debt. Administration attorneys have asked the United States Court of Appeals for the 5th Circuit to stay the decision in the Texas case and expedite its review.

Prelogar told the Supreme Court that if she chooses not to lift the 8th Circuit injunction, she should accept the case quickly and hear the merits of the legal arguments in February. While the court normally waits for the appeals process to unfold, it has chosen such a route to hear challenges to the administration’s immigration and vaccine policies. Hours after Prelogar was filed on Friday, the judges asked states to file a response by noon Wednesday.

Biden “can’t illegally impose college loan debt on millions of hard-working Americans who don’t owe the debt!” Arkansas Attorney General Leslie Rutledge (right), one of the officials who filed the lawsuit, wrote in a Tweeter Friday. “I’ve gone all the way to the Supreme Court to win before and I will again.”

Biden loan relief plan would cancel up to $10,000 in federal student debt for borrowers earning up to $125,000 a year, or up to $250,000 for married couples. Those who received Pell Grants are eligible for an additional rebate of $10,000. To date, more than 26 million people have applied for debt relief, and 16 million of those applications have been reviewed, according to the education department.

After six repayment extensions, pressure from Congress and activists, the White House acts on federal student loans. (Video: Michael Cadenhead/The Washington Post)

The Department of Justice issued a 25 page memo in August after the announcement of the relief program it says The program is authorized by a 2003 law, the Higher Education Relief Opportunities for Students Act (HEROES Act). The act authorizes the Secretary of Education “to mitigate hardship that federal student loan recipients may experience due to national emergencies.” It was adopted in response to the attacks of September 11, 2001, but has since been used in other emergency situations.

But Republican-led states and other opponents of the program argue that the scale of loan forgiveness, at a cost of about 300 billion dollars over 10 years, requires more specific authorization from Congress due to its economic and political importance.

The court case filed in September by six states – Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina – accuses the president of overstepping his authority and threatening the revenues of state entities that profit from federal student loans. At least seven lawsuits have been filed in an attempt to arrest him.

The 8th circuit decided there was standing, at least for Missouri, to take on the challenge on behalf of the Missouri Higher Education Loan Authority, a quasi-state organization that owns and administers federal student loans. The lawsuit said MOHELAwhich funds state scholarships, would lose revenue from servicing direct loans – those made and held by the federal government – ​​which are wiped out.

The states also asserted that MOHELA and state investment entities that hold debt from the former Federal Family Education Loan Program could be financially impacted if borrowers consolidate their debt into the loan program. directly to qualify for relief. The Biden administration declared such consolidations in late September would no longer be eligible for forgiveness.

Biden’s student loan forgiveness plan stalled. Can you still apply?

The panel also said the postponement of the program was justified because of “substantial legal issues that remain to be resolved” and that it would be too late to resolve them if the program worked.

Prelogar told the Supreme Court that the relationship between MOHELA and the state was too tenuous to recognize. And she rejected states’ claim that the program went beyond what Congress had authorized.

The loan forgiveness program for some, she wrote, was more targeted than Trump and Biden’s previous approach, which simply suspended debt repayment for anyone with federal student loans.

Biden aides consider extending student loan freeze after court defeats

After extensive study, Prelogar wrote, the Education Secretary found that reducing the principal owed by the most vulnerable borrowers “would mitigate the risk that delinquency and default rates would rise above pre-Secondary levels.” pandemic”, once payments resume. “The Secretary did so to ‘ensure’ an enumerated purpose of the Act: that borrowers ‘will not be placed in a worse financial position with respect to’ their loans.”

She rejected states’ arguments that more specific congressional authorization was required under the “major issues” doctrine, that the Supreme Court invoked last term to limit the power of the Environmental Protection Agency to fight climate change.

“Since its enactment in 2003, the Department has repeatedly invoked the HEROES Act to provide class-wide relief to certain borrowers, and since March 2020, the Trump and Biden administrations have invoked the law to provide relief. to all borrowers,” she wrote. . “Pandemic-related relief is estimated to have cost the government more than $100 billion.”

The case is Biden v. State of Nebraska, et al.

]]> Biden may extend student loan payment suspension again with pardon plan in court https://slimmingpillsreview.com/biden-may-extend-student-loan-payment-suspension-again-with-pardon-plan-in-court/ Tue, 15 Nov 2022 17:48:08 +0000 https://slimmingpillsreview.com/biden-may-extend-student-loan-payment-suspension-again-with-pardon-plan-in-court/
The White House is reportedly considering again extending the student loan payment pause which is currently set to expire at the end of the year, as President Joe Biden’s plan to forgive up to $20,000 in student debt for borrowers makes facing a legal challenge from Republicans. According at The Washington Posttwo people with knowledge […]]]>

The White House is reportedly considering again extending the student loan payment pause which is currently set to expire at the end of the year, as President Joe Biden’s plan to forgive up to $20,000 in student debt for borrowers makes facing a legal challenge from Republicans.

According at The Washington Posttwo people with knowledge of the matter say White House officials are in preliminary talks about a possible extension of the hiatus, although no decision has been made and it is unclear whether Biden has been involved in the talks.

“As the legal vulnerability has become increasingly clear, the White House has made increasingly firm plans to extend the loan repayment pause,” a source said. “The extension we’re likely to see is intended to ensure borrowers don’t have the rug pulled out from under them, rather than an indefinite replacement of loan forgiveness.”

When Biden announced the Student Loan Forgiveness Plan — to forgive $20,000 of debt for Pell Grant recipients or $10,000 for debtors who earn less than $125,000 a year — in August, he said his administration was extending the “one last time” payment break until December 31.

But following a lawsuit by six Republican-led states, the plan has been locked last week by Texas federal judge Mark Pittman and was temporarily barred by an injunction issued by several Republican appointees 8th Circuit Court of Appeals judges this week.

It is likely that the plan will end up in the Supreme Court. From there, the fate of the plan is uncertain. Regardless of whether or not the plan is overturned by the conservative-dominated Supreme Court, however, it could be months before a decision is made.

If the moratorium is not extended, borrowers could be stuck in limbo, unsure whether to start repaying loans when they could be canceled anyway or risk default if the plan is finally canceled by the Court.

Supporters of debt cancellation say extending the moratorium is a minimum step Biden can take in response to court rulings.

“For three years, borrowers have been a political punching bag in the face of uncertainty about the future of their student loans. The judge’s decision makes the future even more worrying. said Natalia Abrams, president of the Student Debt Crisis Center in a report. “President Biden must suspend payments further into the future to provide financial stability and peace of mind for 40 million Americans.”

The Debt Collective says Biden has several options to provide relief to borrowers. They called the president extend the moratorium indefinitely and say he can Cancel student debt using another legal route to circumvent the current legal challenge. The group also says it can and should just ignore Pittman’s decision because canceling student debt is a political choice that shouldn’t be subject to court rulings to begin with.

“The problem is not the legal authority [to cancel student debt]. The authority is on solid ground,” the Debt Collective said. wrote on Twitter on Monday. “The problem is that the courts are rigged. Right-wing judges take sides in political debates that no one elected them to resolve. Biden should ignore them.

Indeed, legal experts have pointed out that there are vast and bizarre deficiencies in Pittman’s arguments.

pit man openly admitted that he did not know the basic principles of the cancellation program, contradicts his own arguments that plaintiffs recruited for the lawsuit by the GOP suffered damages as a result of the plan, and compared Congress granting the executive branch the power to cancel student debt to the law of 1933 who gave power to Adolf Hitler and the rise of the Nazi Party.

Some legal experts have disputed that Pittman took on the case – after all, all other challenges brought by conservatives challenging the plan was rejected by the courts, having been determined by the judges as a matter that should not be brought before the judiciary in the first place.

“[O]The objections to the Biden program present the classic type of “widespread grievance” that the Supreme Court has long ruled federal courts have no constitutional authority to resolve,” wrote CNN legal analyst Steve Vladeck. If judges adjudicate on the basis of their biases rather than established judicial rolls, writes Vladeck, then “courts do not act like courts; they just take sides in political debates that no one elected them to resolve.

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Student Loan Debt Cancellation Update https://slimmingpillsreview.com/student-loan-debt-cancellation-update/ Sat, 12 Nov 2022 17:40:10 +0000 https://slimmingpillsreview.com/student-loan-debt-cancellation-update/ (WSPA) – Earlier this fall, we heard a lot about the student loan debt forgiveness program, but for weeks now it has been on hold. The program has faced numerous lawsuits, one of which is from six states, including South Carolina. Thursday evening, a a federal judge struck down president Biden’s student loan forgiveness programdeclaring […]]]>

(WSPA) – Earlier this fall, we heard a lot about the student loan debt forgiveness program, but for weeks now it has been on hold.

The program has faced numerous lawsuits, one of which is from six states, including South Carolina.

Thursday evening, a a federal judge struck down president Biden’s student loan forgiveness programdeclaring it illegal.

The Biden administration appealed the decision on Friday. The case is being directed to the United States Court of Appeals for the Fifth Circuit.

That appeals court could send the case back to lower courts or rule in favor of the Biden administration.

It is possible that one or the other of the parties will eventually ask the Supreme Court to take up the case.

So, do you still need to apply? Do you really need help with the app? Scammers think so.

We’ve looked at what you need to know about the process as it currently stands, in this 7NEWS Consumer Exclusive, Loan Forgiveness Update.

26 million applied

When you have big dreams like Wofford sophomore Colby Garner, $10,000 in debt relief is nothing short of a shot in the arm.

“Getting out of my undergraduate debt would be huge to potentially apply to medical school and go through that process to become a doctor,” Garner said.

Garner is one of 26 million people, so far, who have already applied for debt relief on StudentAid.gov.

The process takes about five minutes. You don’t even need to log in. All you need to do is fill in your name, social security number, date of birth, and contact information.

“It also says in bold print, if you don’t hear from us, you should be fine, no further information is needed,” said Carolyn Sparks, director of financial aid at Wofford.

Sparks said the process is much less complicated than applying for a loan, but there are some important things borrowers should keep in mind.

Important appointments

The deadline to apply is December 31, 2023.

However, you will need to apply by mid-November 2022 if you want debt forgiveness to take effect before the loan repayment break ends on December 31, 2022.

Speaking of which, Sparks said college financial aid offices across the country are concerned that people who aren’t used to repaying their loans could quickly default.

“What I’m most scared of and buzzing about right now, all of a sudden, they’re going to have to start paying off their student loans…I’m worried about that.”

Scam Warning

Scams are another cause for concern.

Jennifer Giesick in Spartanburg County said she was inundated with calls and emails from a company claiming to help her file, for a fee.

“It’s only when they’ve wrapped you up where you think oh I can get help finally help, someone understands, and then you have to pay us $320 a year,” he said. Giesick. “And I said for how many years?” Well until it’s paid off. Well, how many years is that? well, 20-28, and I’m like, yeah, no.

According to Department of Education“You never have to pay aid with your federal student aid.”

The department lists these three email addresses as the only legitimate ones the agency sends to borrowers.

  • noreply@studentaid.gov
  • noreply@debtrelief.studentaid.gov
  • ed.gov@public.govdelivery.com

You can report attempted scams to the Federal Trade Commission by calling 1(877) 382-4357 or visiting reportfraud.ftc.gov.

How are taxes affected?

One-time student debt relief will not be taxed at the federal level, but some states may choose to tax it at the state level.

What if you’re not eligible?

Unfortunately for many borrowers, not everyone qualifies.

Private loans are exhausted. Even hundreds of thousands of borrowers under the federal Family Education Loans program no longer qualify.

“These are ultimately all federally insured, so why should one qualify and not the other,” Amanda Griffeth, Simpsonville, said.

Griffeth signed a petition asking the federal government to restore the FFELP program to the list of eligible loans.

“It seems unfair. It’s very much like a bait and switch,” Griffeth said.

So far, 16 million of the 26 million applicants have already been approved, but whether their loans will be canceled will depend on the outcome of these lawsuits, some of which have already been dismissed by the US Supreme Court. .

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What the Election Results Mean for Student Loan Cancellation: 4 Key Takeaways https://slimmingpillsreview.com/what-the-election-results-mean-for-student-loan-cancellation-4-key-takeaways/ Wed, 09 Nov 2022 16:29:07 +0000 https://slimmingpillsreview.com/what-the-election-results-mean-for-student-loan-cancellation-4-key-takeaways/ US President Joe Biden speaks at a rally for gubernatorial candidate Wes Moore and the … [+] Democratic Party on the eve of the US midterm elections, at Bowie State University in Bowie, Maryland on November 7, 2022. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) AFP via Getty Images […]]]>

Results are still being tabulated in many states following one of the most important midterm elections in recent memory, and neither the House nor the Senate has yet been convened for either the other of the parties. But the Democrats seem to have exceeded expectations in many state and national races.

Here’s what the election results mean for student loan forgiveness and for student borrowers in general.

Young voters – potentially motivated by student loan forgiveness – played a role in election results

In the weeks leading up to the election, there was an ongoing debate about whether President Joe Biden’s sweeping student loan forgiveness initiative – which could forgive up to $20,000 in student loan debt for 40 million borrowers — would be to prove unpopularleading to a backlash against Democrats at the polls.

But those concerns, based on preliminary election results, may not have been well founded. Younger voters showed up at the pollsapparently in large numbers (at least in several key races), which was potentially enough at swing close races to the Democrats.

“Young people won this election” tweeted the Sunrise Movement, an advocacy organization for young Americans, on Wednesday. “From voting to leading huge GOTV operations, young people have pushed [Pennsylvania Democratic candidate for Senate John] Fetterman on the edge. Fetterman’s apparent victory could help Democrats retain control of the Senate (though the outcome of several other key Senate races remains undetermined at this time).

It’s too early to tell whether student loan forgiveness played a critical role in the youth vote or in Democratic victories. But polls Conduct over the past few years has tended to show fairly consistent support for a broad student loan forgiveness initiative, like the one Biden officially announced in August.

Congress unlikely to repeal student loan exemption

Congress is still up for grabs, as neither Democrats nor Republicans have yet won enough races to claim a majority. The results are much narrower than many predicted, and a so-called “red wave” seems not to have happened.

Given that neither party is likely to end up with a decisive advantage in Congress, a repeal by Congress of any existing student loan forgiveness initiative seems highly unlikely in the near term. If Democrats retain control of at least one house of Congress, any legislation repealing a student loan forgiveness initiative is highly unlikely to pass. If Republicans overthrew both the House and the Senate, they would likely still be well short of the two-thirds majority that would be needed to override a President Biden veto.

Biden likely to continue to rely on executive action to implement student loan forgiveness initiatives

While narrow majorities in Congress by either political party greatly reduce the chances of legislative repeal of student loan forgiveness programs, it also decreases the chances that Congress will be able to pass a hard-hitting legislation on student loan forgiveness or other reforms that could have a lasting impact for borrowers. (such as changes to the bankruptcy code).

This means that President Biden will likely continue to rely on executive action and the regulatory process to expand student loan forgiveness and implement other relief for borrowers.

The administration is still in the process of implementation of limited PSLF waiver, which operated as a temporary extension of the civil service loan cancellation program. Although the waiver ended in October, the Department of Education continues to process PSLF applications.

The Department of Education is also starting to roll out the IDR account adjustment, a broad, action-based executive initiative that will advance the progress of millions of borrowers toward loan forgiveness under income-contingent repayment (IDR) plans, regardless of their current repayment plan. the borrower. The IDR account adjustment will also effectively extend many of the benefits of the limited PSLF waiver for borrowers working in the civil service who may have missed the October deadline.

The Biden administration is also implementing new regulatory changes PSLF, Disability Releases, Borrower Defense Program until Repayment, Student Loan Interest Capitalization, and IDR programs, including establishing a new IDR plan (and potentially more affordable). These changes should begin to take effect next summer.

Federal courts may have final say on Biden’s one-time student loan forgiveness plan

Biden’s Unique Student Loan Forgiveness Initiative was blocked by a federal appeals court last month in response to a legal challenge brought by a coalition of Republican-led states. The states had filed a lawsuit challenging the plan as illegal and arguing that implementing student loan forgiveness would negatively impact state revenue.

The lawsuit was dismissed by a federal district court judge, but the states then appealed to the 8th Circuit Court of Appeals, which imposed a temporary administrative stay while it considers a more lasting preliminary injunction. The temporary stay remains in force until this court renders a decisionwhich is expected any day now that the elections are over.

The results of the midterm elections would have no direct impact on the 8th Circuit’s decision whether to lift the suspension and allow the loan forgiveness program to continue. And the 8th Circuit’s ruling likely won’t permanently end the legal battle over Biden’s student loan forgiveness plan, because the losing side may appeal to the United States Supreme Court.

Twenty-six million borrowers have already submitted applications for student loan forgiveness, according to senior administration officials. The online application portal stay active.

Further Reading on Student Loan Forgiveness

Have you ever applied for student loan forgiveness? 6 key updates

Court block on student loan forgiveness continues, but there’s a big update

When will you receive student loan forgiveness? Key schedule details

A new, bigger student loan forgiveness initiative is about to be launched – and it’s not what you think

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Moving Forward: Student Debt Relief https://slimmingpillsreview.com/moving-forward-student-debt-relief/ Sat, 05 Nov 2022 21:08:00 +0000 https://slimmingpillsreview.com/moving-forward-student-debt-relief/ The United States Department of Education currently offers federal student debt relief. The program offers eligible borrowers full or partial loan release of up to $20,000 for Federal Pell Grant recipients and up to $10,000 for non-Pell Grant recipients. Pell grants are available to low-income students based on their FAFSA. Applications can be completed at […]]]>

The United States Department of Education currently offers federal student debt relief. The program offers eligible borrowers full or partial loan release of up to $20,000 for Federal Pell Grant recipients and up to $10,000 for non-Pell Grant recipients. Pell grants are available to low-income students based on their FAFSA.

Applications can be completed at studentaid.gov/debt-relief. The application takes about five minutes to complete. This is one-time debt relief. Applications opened earlier in October and will close on December 31, 2023. You do not need to provide any documents when applying, but the Department of Education may contact you for more information.

Not everyone is eligible for student loan forgiveness. First, there is an income limit. A person must have earned less than $125,000 in 2021 or 2022, from your IRS Form 1040. For families, the maximum income limit is $250,000 in 2021 or 2020.

People also read…

Private loans (from financial institutions, not the federal government) are not eligible for debt relief.

Debt relief only applies to loan balances you had before June 30, 2022. This includes Direct Loans (William D. Ford), FFEL Loans (Federal Family Education Loans), Perkins Loans, and Parent or Graduate PLUS Loans. Loans may or may not be subsidized by the government.

Any new loans disbursed (when loan funds have been received) on or after July 1, 2022 are not eligible for debt relief.

Federal loans in default (overdue) are also eligible.

Consolidation loans are a bit more complicated. This means that several loans have been combined so that a person only has to make one monthly payment. Federal student loan consolidation combines multiple federal loans into one federal loan through the Department of Education. These loans are eligible for the debt relief program.

Private lenders offer private student loan consolidation, also known as student loan refinancing. It’s a good idea to bundle private loans into one of these programs to lower interest rates and move to one monthly payment. These loans are NOT eligible for the debt relief program.

Private loans cannot be transferred to the federal government, but federal and private loans can be consolidated with a private lender. If you did this, you lost the opportunity to get debt relief on the federal loan. The Department of Education is still negotiating with private lenders to see if this can be changed, so people who have this type of consolidated loan should be careful that this is resolved.

Another complication is that there was a pause in payments during the COVID pandemic. From March 13, 2020 to December 31, 2022, borrowers did not have to make student loan repayments. If you made payments on your federal student loans during this time, the government will refund what you paid and forgive your loan up to the maximum amount of debt relief.

StudentAid.gov can provide assistance in completing the online form or answering questions related to a borrower’s specific situation. Contact the agency at 1-833-932-3439.

The Department of Education has issued several warnings about scams from companies offering to help you manage your loans or application for a fee. You NEVER have to pay for aid with your federal student aid. As with all scams, you would be asked for personal information and passwords. DON’T! If the government tries to contact a borrower, it will send an email from noreply@studentaid.gov, noreply@debtrelief.studentaid.govWhere ed.gov@public.govdelivery.com.

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4 Ways to Outsmart Student Loan Forgiveness Scams https://slimmingpillsreview.com/4-ways-to-outsmart-student-loan-forgiveness-scams/ Thu, 03 Nov 2022 08:04:35 +0000 https://slimmingpillsreview.com/4-ways-to-outsmart-student-loan-forgiveness-scams/ Thieves are always looking for new ways to scam you. They often send phishing emails to trick you into clicking on malicious links that install malware on your device or steal your account credentials. More brazen criminals will even have the courage to call you on the phone. They will spin an elaborate scheme hoping […]]]>

Thieves are always looking for new ways to scam you. They often send phishing emails to trick you into clicking on malicious links that install malware on your device or steal your account credentials.

More brazen criminals will even have the courage to call you on the phone. They will spin an elaborate scheme hoping to scam you out of your money. If you fall for a scam, certain steps should be taken immediately. Tap or click here for details.

In this report, we are going to cover a few issues you need to be aware of. First, an education technology company left its database unprotected for anyone to see its data. Then the scammers piggyback on the student loan forgiveness to try and scam you. Keep reading for everything you need to know.

“Reckless” approach to cybersecurity

Studying for your dream career is a challenge and most students need all the help they can get. Educational technology company Chugg is one such entity, providing homework help through an app.

When you register, you must answer several questions and the data is stored on Chugg’s servers. In theory, the data should be secure, but the Federal Trade Commission (FTC) accuses Chugg of negligent behavior.

According to a legal complaint, the company issued root login credentials to several employees and some external contractors. This means that anyone with these credentials had unrestricted access to some of the company’s databases. It was an open door for unauthorized people.

The FTC says a former Chegg contractor used the details to access information from an Amazon Web Services database. The information includes the names, email addresses and passwords of approximately 40 million users.

According to The New York Times, details of the students’ parents’ religion, sexual orientation, disabilities and income were also taken. Some of the exposed data was found for sale online. Chugg is working with the FTC on a settlement for affected users.

Student loan scams

The next thing you need to be aware of is an elaborate scheme involving the recent student loan forgiveness program. Several victims informed the Better Business Bureau (BBB) ​​of this scheme.

Here’s how it works. You receive a phone call from someone claiming to represent the student loan forgiveness program.

In many cases, scammers have a wealth of information they shouldn’t have, including the last four digits of your social security number, graduation date, and email address. One victim even reported that the thieves had information about their FAFSA account. Ouch!

The fraudulent representative claims he can help you get a student loan forgiveness. They even go so far as to claim that they can net you up to $60,000. That’s way more than the legitimate program offers, so that should be a red flag. But some get caught up in it.

According to the BBB, scammers claim that you have to pay an upfront fee to receive your student loan forgiveness. Fees are usually several hundred dollars spread over a few months, followed by smaller monthly payments. Then, your loan will be canceled at the end of the current loan cancellation program pause.

But don’t fall for the trap. It’s a scam! You do NOT must pay fees for the Official Student Loan Forgiveness Plan. If someone calls and asks for charges, hang up immediately!

There are other ways to thwart these patterns. The BBB gave some ideas.

How to avoid student loan forgiveness scams:

  • If in doubt, contact the government agency directly. If you receive a message that seems legitimate but that you are not sure about, stop communicating with the person who contacted you. Then verify their claims by contacting the government agency they say they represent. For more details on the Student Loan Forgiveness Program, visit ED.gov Where StudentAid.gov.
  • Never pay a fee for a free government program. Government agencies will never ask you to pay a fee for a free government program. Don’t let scammers convince you otherwise. The scammers may say that the fee will relieve you faster or unlock additional benefits, but that’s part of the scam.
  • Think twice about unsolicited calls, emails or texts. Usually, government agencies will not contact you unless you ask. Impromptu communications are a red flag.
  • Don’t give in to scare tactics. If someone says you’re going to miss something if you don’t act immediately, beware. This urgency is a common tactic that scammers use on victims. Instead of responding, stop communications until you can verify what they say is true.

If you come across a student loan forgiveness scam, report it. Share your experience on BBB.org/ScamTracker can help others avoid being victimized.

keep reading

Student loan scammers also prey on people WITHOUT a loan

FBI warning: Government impersonators are adding scary tactics to get you paid

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Department of Education releases new regulations revamping student loan relief programs https://slimmingpillsreview.com/department-of-education-releases-new-regulations-revamping-student-loan-relief-programs/ Mon, 31 Oct 2022 21:42:26 +0000 https://slimmingpillsreview.com/department-of-education-releases-new-regulations-revamping-student-loan-relief-programs/ The Department of Education on Monday released a final set of new regulations for its student loan programs, which reverse a number of changes made under the Trump administration and will reduce the amount owed by many borrowers, The New York Times reports. “The regulations announced today will streamline an unnecessarily complicated system and give […]]]>

The Department of Education on Monday released a final set of new regulations for its student loan programs, which reverse a number of changes made under the Trump administration and will reduce the amount owed by many borrowers, The New York Times reports.

“The regulations announced today will streamline an unnecessarily complicated system and give borrowers a simpler, more often automatic path to the discharges they deserve,” the education department’s undersecretary said. James Kvaal.

According to the Ministry of Education, the new regulations “Expand eligibility, remove barriers to relief, and encourage automatic discharges for borrowers eligible for loan relief.” The news comes as President Biden’s student loan relief plan, which would forgive up to $20,000 in student debt for millions of Americans, faces challenges. legal issue. Although the application is openmany do not know if their debt will actually be cancelled, the Time keep on going.

The regulations announced on Monday include the elimination of most capitalization of interest, i.e. when “borrowers have unpaid interest added to their principal balance”; better debt forgiveness for civil servants; loan forgiveness for those misled by their institutions; and loan forgiveness for those who become permanently disabled, according to the Department of Education.

“Today is a monumental step forward in the Biden-Harris team’s efforts to fix a broken student loan system and build one that’s simpler, fairer, and more accountable to borrowers,” the official said. US Secretary of Education. Miguel Cardona.

The regulations will come into force in July 2023.

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This call offering help with canceling a student loan is likely a scam https://slimmingpillsreview.com/this-call-offering-help-with-canceling-a-student-loan-is-likely-a-scam/ Fri, 28 Oct 2022 21:47:00 +0000 https://slimmingpillsreview.com/this-call-offering-help-with-canceling-a-student-loan-is-likely-a-scam/ The 40 million Americans eager to lose their student debt is being targeted by scammers who call, text and email with fraudulent offers of help, law enforcement officials warn. Criminals often adapt old scams to take advantage of current events, in this case using the Biden administration’s program to forgive up to $20,000 in student […]]]>

The 40 million Americans eager to lose their student debt is being targeted by scammers who call, text and email with fraudulent offers of help, law enforcement officials warn.

Criminals often adapt old scams to take advantage of current events, in this case using the Biden administration’s program to forgive up to $20,000 in student debt per borrower.

“The FBI typically sees this behavior when a new government assistance program becomes available,” Jeffrey Downey, special agent in charge of the agency’s field office in El Paso, Texas, said in a statement this week. keep the audience.

According to the FBI, which was joined by the Vermont Attorney General’s office to send an alert.

The potential scammers behind the calls may also claim to represent a bank or the US Department of Education. They then usually ask for personal information to supposedly start the loan forgiveness application process.

The scammers also send emails or SMS links from what appears to be an official government website, which then asks for personal information such as a person’s name, social security number and date of birth. birth.

Important things to remember to avoid getting scammed, officials say:

  • Accessing or obtaining assistance with any federal student aid program through the Department of Education or its partners does not require any type of payment.
  • Authorities are also warning against providing Federal Student Aid (FSA) credentials, saying the application is a scam and is being used to cut off contact between the borrower and the agent. of service, as well as to steal the person’s identity.
  • Borrowers are advised to be aware of the risks before refinancing student loans, as those eligible for debt relief who take out private loans risk losing what the government is offering, officials said. say.

Regulators already have their hands full of scams related to getting help with student debt. Criminals have long used real, but hard-to-navigate government programs to trick people into paying illegal fees or giving up personal information. The Federal Trade Commission in August said it was sending more than $822,000 in refunds to borrowers tricked by an illegal debt relief program.

People can make a one-time request debt relief until December 31, 2023, although for now a court order currently blocked the Biden administration to forgo the loans.

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Can Biden Forgive Student Loan Debt? These states say no. here’s why https://slimmingpillsreview.com/can-biden-forgive-student-loan-debt-these-states-say-no-heres-why/ Tue, 25 Oct 2022 21:50:34 +0000 https://slimmingpillsreview.com/can-biden-forgive-student-loan-debt-these-states-say-no-heres-why/ Half a dozen states attempt to end President Joe Biden’s student debt cancellation plan say their future financial losses are enough to block the plan that would cancel the debt of millions of Americans, according to court documents filed Tuesday. The six conservative states — Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina — argued […]]]>
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