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Local 5 - weareiowa.com | Des Moines Local News & Weather | Des Moines, Iowa
Student Loans
After a court ruling, President Biden's student loan forgiveness program has been closed
Student Loans
Student loan forgiveness application no longer available after court decision
A district judge declared Biden’s debt relief plan to be unconstitutional in Brown v. Department of Education. The administration is appealing the decision.
Student Loans
No need to reapply for loan forgiveness now that it is official if you applied in the beta version
While the official student debt relief site launched on Oct. 17, any borrower who applied during the beta launch will not have to reapply to receive forgiveness
Student Loans
Yes, some federal student loan borrowers will need to apply for debt forgiveness
Some federal student loan borrowers will need to fill out a “simple application” for debt forgiveness if the Department of Education doesn’t have their income data.
Student Loans
Yes, a change to the student loan forgiveness plan excludes some borrowers from relief
Some borrowers with privately held federal student loans are no longer eligible for debt relief if they didn’t apply to consolidate them before Sept. 29, 2022.
Student Loans
Some borrowers are excluded from a change in the student loan forgiveness plan
Some borrowers with privately held federal student loans are no longer eligible for debt relief if they didn’t apply to consolidate them before Sept. 29, 2022.
Student Loans
5 ways to spot a student loan forgiveness scam
Reports of scammers claiming to offer student loan forgiveness are on the rise after Biden’s student debt relief announcement. Here’s what to look out for.
Student Loans
Yes, the average forgiven PPP loan is far more than $20,000 student loan relief
Posts online claimed the average forgiven PPP loan is much higher than $20K available in student loan forgiveness. That’s true – the difference is more than $50K.
Education
Yes, the ‘median American’ does have $0 in federal student loan debt
A viral tweet claims the "median American" has no student loan debt. That's true, but median is not the same as average. We explain what the median really means.
Education
No, FedLoan and Granite State borrowers don’t have to do anything to get their student loans transferred to a new servicer
While there is some basic housekeeping you should do to help keep the transfer smooth, the Education Department will handle the transfer itself.
Education
Yes, the Biden administration has eliminated more than $9B in student debt but that’s less than 1% of total student debt
President Biden’s Department of Education has focused on “discharging” student loans for borrowers affected by permanent disability or school closures.
Student Loans
Student loan forgiveness application no longer available after court decision
A district judge declared Biden’s debt relief plan to be unconstitutional in Brown v. Department of Education. The administration is appealing the decision.
Student Loans
No need to reapply for loan forgiveness now that it is official if you applied in the beta version
While the official student debt relief site launched on Oct. 17, any borrower who applied during the beta launch will not have to reapply to receive forgiveness
Student Loans
Yes, some federal student loan borrowers will need to apply for debt forgiveness
Some federal student loan borrowers will need to fill out a “simple application” for debt forgiveness if the Department of Education doesn’t have their income data.
Student Loans
Yes, a change to the student loan forgiveness plan excludes some borrowers from relief
Some borrowers with privately held federal student loans are no longer eligible for debt relief if they didn’t apply to consolidate them before Sept. 29, 2022.
Student Loans
Some borrowers are excluded from a change in the student loan forgiveness plan
Some borrowers with privately held federal student loans are no longer eligible for debt relief if they didn’t apply to consolidate them before Sept. 29, 2022.
Student Loans
5 ways to spot a student loan forgiveness scam
Reports of scammers claiming to offer student loan forgiveness are on the rise after Biden’s student debt relief announcement. Here’s what to look out for.
Student Loans
Yes, the average forgiven PPP loan is far more than $20,000 student loan relief
Posts online claimed the average forgiven PPP loan is much higher than $20K available in student loan forgiveness. That’s true – the difference is more than $50K.
Education
Yes, the ‘median American’ does have $0 in federal student loan debt
A viral tweet claims the "median American" has no student loan debt. That's true, but median is not the same as average. We explain what the median really means.
Education
No, FedLoan and Granite State borrowers don’t have to do anything to get their student loans transferred to a new servicer
While there is some basic housekeeping you should do to help keep the transfer smooth, the Education Department will handle the transfer itself.
Education
Yes, the Biden administration has eliminated more than $9B in student debt but that’s less than 1% of total student debt
President Biden’s Department of Education has focused on “discharging” student loans for borrowers affected by permanent disability or school closures.
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