Major Student Loan changes announced

There are still many details to come, but here is what we know so far:

1.       Forgive $10,000 ($20,000 if you received Pell Grants) of student loans

• Must make under $125,000 if single or $250,000 if married or head of household.
• There will likely be an application to complete that will be available in the coming months.
• This could get challenged in court.

2.       Extended the student loan pause to December 31, 2022.

3.       Creating a new income-based repayment plan that could lower your monthly payment. 

4.       Changes to Public Service Loan Forgiveness (PSLF) program to make it easier to gain loan forgiveness.

Click below to see how we can help you or your family take advantage of these announcements.

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