News & Updates
U.S. Supreme Court Agrees To Hear Two Forgiveness Lawsuits In February, Ruling By June
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 ar
Department Of Education Is Emailing Approval Letters For $10K and $20K With Forgiveness Still Blocked
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 “Update on Student Loan Debt Relief and the Status
U.S. Department Of Education Extends Covid-19 Student Loan Forbearance Through August 29th, 2023 Or A Sooner Date To Be Determined
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 Whe
Department of Education is Currently Cancelling Debts for Borrower Defense to Repayment
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
Blanket Student Loan Forgiveness Vacated By United States District Court For The Northern District Of Texas
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 Ju
Blanket Student Loan Forgiveness Blocked By 8th Circuit U.S. Federal Appeals Court
Blanket Student Loan Forgiveness Blocked by 8th Circuit Court On Friday, October 21st, 2022, the 8th Circuit U.S. Court of Appeals granted an administrative stay to the blanket student loan forgiveness proposal, which was set to begin forgiving student loan debt balances on Sunday, October 23rd, 202
Imminent Blanket Student Loan Forgiveness
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 forwa
BLANKET STUDENT LOAN FORGIVENESS ORDERED BY CURRENT PRESIDENTIAL ADMINISTRATION
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 Stat
STUDENT LOAN POLICY RELATED TO FORGIVENESS UPDATE
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 l
Why Is Student Debt A Problem
Why Is Student Debt a Problem? Understanding the Student Loan Crisis in America Why Is Student Debt a Problem? The U.S. economy is facing increasing financial pressure due to global events. These international issues are impacting Americans in every state—especially younger generations trying to imp
Fed Loan Program Is Ending – Fedloan Servicing Will Cease
Fed Loan Program Is Ending: What It Means for Student Loan Borrowers The Fed Loan Program is ending, and with it, FedLoan Servicing will cease its contract with the U.S. Department of Education. This major change in the student loan servicer landscape will affect millions of federal borrowers in the
Student Loan Forgiveness: Department of Education Announces Major Relief
Student Loan Forgiveness: Department of Education Announces Major Relief Student loan forgiveness is taking a big leap forward. On Tuesday, April 19, 2022, the current presidential administration and the U.S. Department of Education announced sweeping reforms for student loan forgiveness and income-