Ask Terry Questions Loan forgiveness

Loan forgiveness

By Terry Savage on July 07, 2024 |

It is not clear from your article how to apply for loan forgiveness under these new rules? Must I first have been paying the loan for 10 or more years? How/where do I apply? The gov site is just as confusing.
Thank you

Terry Says

Now it’s unclear whether new applicants will be taken in the President’s loan forgiveness program.  The first step is to consolidate all Federal Loans, and then to apply for the Income Driven Repayment plan — now called SAVE.

I suggest that if you are confused you consult with student loan expert Rae Kaplan — Kaplan Law Firm | Chicago Student Loan Bankruptcy Lawyer (

She will be able to give you the most current information.

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