Ask Terry Questions Loan forgiveness

Loan forgiveness

By Terry Savage on January 23, 2021 | College Savings / Student Loans

Hi I would like to know more about the loan forgiveness and how you are eligible for it.

Terry Says

I assume you are talking about the Public Service Student Loan forgiveness program. If so, hang on and don’t do anything now. Likely there will be a new program under the Biden administration. The old program sounded good — but fewer than 2500 loans were ever forgiven because the rules were so complex and restrictive. For sure, there will be a new student loan program soon.

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