Hours-long hold times with their student-loan company are keeping public servants...
Student-loan borrowers in public service have reported issues reaching their loan company, MOHELA. Insider spoke to two borrowers who said they were on the phone for hours to no avail. This is preventing them from getting clarity on their payment progress through PSLF. Loading Something is loading. Thanks for signing up! Access your favorite topics…
A 44-year-old professor who got $125,000 of student loans forgiven is...
Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. Before the pandemic, Kevin Nadal paid $1,000 a month toward his federal…
A worker at a student-loan company says the ‘lack of guidance’...
A student-loan company worker expressed concern with the lack of guidance on Biden's debt relief. She said that FFEL borrowers in particularly are confused on whether they qualify. Biden's administration has maintained it is prepared to implement this blanket relief. Loading Something is loading. Student-loan companies are tasked with carrying out President Joe Biden's student-loan…
4 things student-loan borrowers need to know about getting debt forgiveness
Biden recently announced up to $20,000 in student-loan forgiveness for some federal borrowers. While 8 million will receive relief automatically, others will need to take additional action. Here are four things borrowers should know about their debt before the year ends. Loading Something is loading. It's hard to escape the student-loan forgiveness conversation these days.Last…
After 13 years of student loan payments, a 36-year-old public school...
Tabatha Wesley made 127 payments on her federal student loans yet still didn't qualify for PSLF. She almost gave up, but an app called Chipper helped her fill out her PSLF paperwork. After being denied twice, Wesley had $47,000 of student loans forgiven through TEPSLF. Loading Something is loading. Until recently, almost all borrowers who…
Over half a million student loan borrowers are now closer to...
The government made key changes to the Public Service Loan Forgiveness program in 2021. PSLF forgives the student debt of workers in the public sector after 10 years of eligible payments. The most recent changes make it easier for past payments to qualify a borrower for forgiveness. Read more of Insider's student loan coverage here.…
Public servants seeking student-loan forgiveness have long faced a ‘bureaucratic nightmare’...
Sens. Sheldon Whitehouse and Jeff Merkley introduced a bill to fix a student-loan forgiveness program. It would simplify Public Service Loan Forgiveness by reducing the number of qualifying payments. The program has been flawed for years, blocking borrowers out of relief they deserved. Loading Something is loading. A student-loan forgiveness program for public servants such…
