Biden Loan Forgiveness and Other Student Loan Programs

In this episode, host Troy Millings and guest Sonia Lewis dive into the intricacies of Biden loan forgiveness and other student loan programs. Sonia breaks down the eligibility criteria for the Biden loan forgiveness, shedding light on how it differs from other programs. She also discusses the impact of the 1965 Higher Education Act on the approval process for these programs.
Additionally, Sonia explains the Save program, a new repayment plan that offers more flexibility to borrowers. The video delves into the specific income brackets that qualify for reduced payments under the Save program, providing valuable insights for viewers.
Furthermore, the conversation addresses the topic of Borrower's Defense Forgiveness and its evolving nature. Sonia elaborates on the changing dynamics of this program and outlines the schools that have been identified as fraudulent, emphasizing the potential for loan forgiveness and reimbursement for affected borrowers.
Troy and Sonia also touch upon the implications of entering forbearance and the significance of staying informed about the current regulations and policies pertaining to student loans. The video concludes with a discussion on administrative forbearance and its relevance in the context of repayment options.
Join us in this informative episode as we dissect the intricate details of student loan forgiveness and repayment programs. Gain valuable insights into the latest updates and requirements for these vital financial initiatives.
#StudentLoans #BidenLoanForgiveness #LoanForgivenessPrograms #HigherEducationAct #SaveProgram #BorrowersDefense #RepaymentPlans #FinancialHardship #Forbearance #EYL #EducationAndFinance #PersonalFinance #FinancialLiteracy #EYLCommunity

[@antdiggumz]

If they just got rid of the accrued interest, that alone would help a lot of ppl.

[@BeautifulSamaria]

That would be amazing!!! I don't mind paying my loans back, but that interest is a killer!!

[@Fearless_Nikki]

I am a lot of people 😂 but seriously!

[@Ki-Yemaya]

I have 3 borrowers' defense applications. The 1st 2 were 2018, and they were denied. And 1 in 2022. In 2023 they opened the ones from 2018 back up. So now I have 2 open applications. They forgave them and I received a refund check. Most of my payments went to my FFELP loans because the rates were higher, so I don't get a refund for those payments.

[@tonydouglas863]

Is there an Application process ?

[@saramcgue4406]

How do we get walked through this I’m a teacher and about private loans

[@danielleathers1277]

You guys are the best. Thanks for sharing actionable easy-to-understand content.

[@tonydouglas863]

Is there a website to apply ?

[@NobodyNadie1111]

You mean studentaid.gov?

[@julianwatkins780]

Tbh the Biden plans are not helpful in every case. I was better off staying on my initial repayment public service plan because if I got on any of the Biden plans I would have been paying 2.5x my current payment amount.

[@Loveit45]

yep!!! i didn't even touch it

[@ohmygosheightoeightwireles5082]

What is the name of her agency so.I can contact her, I would kine to be a client of hers.

[@NobodyNadie1111]

On Instagram Student Loan Doctor

[@lucydiaz9379]

Omg thank you Jesus!!!!!!!!!!!!

[@joshuaa.kennedy8837]

I checked my credit karma and my loans are all ready gone

[@PANIC_aka_PinD]

No forgiveness. You decided, no one else. Grow up. Pay your bills.