Forgiveness Information

Federal court clears the way for closed school discharge: effect is immediate for many borrowers.

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.

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.

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 forgiveness affecting the student loan debt balances of individual federal student loan borrow

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 see our latest interpretations of government announcements, court decisions, and student loan servicer activities that will affect the forgiveness prospects for millions of Americans seeking relief.