On Monday December 12th, 2022 the U.S. Supreme Court has agreed to review both challenges to the blanket forgiveness plan that is currently blocked by the lower federal courts. Oral arguments have been scheduled for February 2023 with a ruling expected by June 2023. The U.S. Supreme Court has decided…
On Tuesday November 22nd, 2022 federal student loan borrowers began receiving emails from the Department of Education entitled “Update on Student Loan Debt Relief and the Status of Your Application“. These emails appear to be notifying student loan borrowers who have applied for the $10K or $20K blanket forgiveness program…
On Tuesday November 22nd, 2022 the U.S. Department of Education announced an extension of the Covid-19 student loan payment pause that was scheduled to end December 31, 2022. The extension means that Direct student loan borrowers are not required to make monthly student loan payments, and that 0.00% interest will…
On Wednesday November 16th, 2022 the United States District Court For The Northern District Of California approved a settlement for an ongoing lawsuit filed against the Department of Education by plaintiffs who were denied student loan discharges under Borrower Defense To Repayment. The lawsuit was originally Theresa Sweet et. al…
On Thursday November 10th, 2022 the United States District Court For The Northern District Of Texas declared the blanket student loan forgiveness program unlawful and vacated the program as a result of the judgement. United States District Judge Mark T. Pittman ruled in favor of plaintiffs Myra Brown Et Al…
On Friday October 21st, 2022 the U.S. Court of Appeals for the 8th Circuit granted an administrative stay to the blanket student loan forgiveness proposal that was supposed to begin forgiving student loan debt balances starting Sunday October 23rd, 2022. The stay was in response to an appeal filed by…
Over the last few weeks, the process of forgiving $10,000 or $20,000 for every student loan borrower in the United States as set forth by the Department of Education has been moving forward to this specific point. In the coming days and weeks we should begin to see the actual…
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…
