by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 25, 2023 | Loan Forgiveness
If a former college student with an outstanding student loan balance becomes disabled, he or she may not need to repay the debt under the provisions of the Total and Permanent Discharge (TPD) program. To obtain debt forgiveness, the individual needs to apply...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Nov 28, 2022 | Loan Forgiveness
One of the most popular student financial aid programs managed by the U.S. Education Department (ED) is the Public Service Loan Forgiveness (PSLF) program, and it’s easy to figure out why. PSLF promises Federal loan holders that, upon meeting requirements pertaining...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Oct 19, 2022 | Loan Forgiveness
In August, President Biden announced the Federal Student Loan Forgiveness Plan (the Plan), which will cancel 20% of the outstanding Federal student loan debt of $1.5 trillion. Debt relief will be granted to 43 million borrowers, eliminating the entire remaining...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Sep 13, 2022 | Loan Forgiveness
Last month President Biden announced the Federal Student Loan Forgiveness Plan (the Plan), which will cancel up to 20% of outstanding Federal student loan debt. Loan relief will be provided to about 43 million borrowers and it will eliminate the entire...
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