Supreme Court Student Loan Decision Coming Soon Supreme Court Student Loan Ruling: What You Need to Know On Monday, December 12th, 2022, the U.S. Supreme Court announced it will review two challenges to the student loan forgiveness plan. Lower courts previously blocked the program. Oral arguments are set for February 2023, with a final ruling…
Student Loan Forgiveness Update: Hope Credit Borrowers Student Loan Forgiveness Update on Student Loan Forgiveness Program On Tuesday, November 22nd, 2022, federal student loan borrowers began receiving emails from the Department of Education titled āUpdate on Student Loan Debt Relief and the Status of Your Application.ā These emails serve as notifications for…
Covid Student Loan Pause On Tuesday, November 22, 2022, the U.S. Department of Education announced an extension of the Covid-19 student loan payment pause, which was previously scheduled to end on December 31, 2022. This extension allows Direct student loan borrowers to: Covid Student Loan Pause When Will the Student Loan Forbearance End? The forbearance extension will remain in…
Borrower Defense to Repayment: Department of Education Cancelling Student Loan Debt On Wednesday, November 16, 2022, the United States District Court for the Northern District of California approved a settlement regarding Borrower Defense to Repayment. This lawsuit, originally filed as Theresa Sweet et al. v. Betsy DeVos, was later renamed Theresa Sweet et…
Blanket Student Loan Forgiveness Vacated by U.S. District Court On Thursday, November 10, 2022, the United States District Court for the Northern District of Texas declared the blanket student loan forgiveness program unlawful and vacated the program. This ruling, issued by United States District Judge Mark T. Pittman, was in favor of plaintiffs Myra Brown et al, who had filed the…
Blanket Student Loan Forgiveness Blocked by 8th Circuit Court On Friday, October 21st, 2022, theĀ 8th Circuit U.S. Court of AppealsĀ granted an administrative stay to theĀ blanket student loan forgivenessĀ proposal, which was set to begin forgiving student loan debt balances on Sunday, October 23rd, 2022. This delay has affected millions of student…
Imminent Blanket Student Loan Forgiveness Begins Imminent blanket student loan forgiveness is finally rolling out for millions of federal student loan borrowers across the United States. Over the last few weeks, the process of forgiving $10,000 or $20,000 in federal student loan debt has moved forward significantly. This student loan relief,…
The current presidential administration has announced plans to cancel up to $10,000 or $20,000 for each federal student loan borrower. Borrowers are eligible for student debt relief if they make less than $125,000 a year as an individual. The announcement was made by the President of the United States and…
Application Currently Closed By The U.S. Department of Education: https://studentaid.gov/debt-relief/application Due to the unprecedented amount of changes recently to several areas of student loan policy related to forgiveness, Hope Credit will be providing periodic updates to the various student loan forgiveness proposals that affect our clients. Please check back often to…
Why Is Student Debt A Problem. The US economy is facing increasing economic hardship from global events. These international events are affecting Americans in every state, especially the younger generations of young Americans trying to move up in society economically. They face difficulties accomplishing home ownership, auto ownership, and career opportunities. The…
