Ask Terry Questions Parent plus loans

Parent plus loans

By Terry Savage on October 07, 2022 | College Savings / Student Loans

Any new news on Biden relief plan?
We owe appx 10000 dollars on a parent plus loan. Would this fall under the Biden relief plan. Thanks for always responding in a timely manner

Terry Says

Your Parent Plus loan could be forgiven if you earn less than $125,000 on a single return or $250,000 on a joint return.
There is supposed to be a website up to apply any day now. Believe me, when it goes up it will be a BIG headline
And there is supposed to be automatic forgiveness if the government has your tax info on file. However, it would be smart to register at the site when it opens anyway.

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