When credit card debt forgiveness might not be smart for seniors. While credit card debt forgiveness may be an option worth considering for some, the risk is too high for others.

Forgiveness chances narrow on repayment plans. The Biden administration's new student loan repayment plan, Saving on a Valuable Education, or SAVE, isn't expected to survive under Trump, experts ...

The Biden administration's new student loan repayment plan, Saving on a Valuable Education, or SAVE, isn't expected to survive under Trump, experts say ...

The Education Department said that 6,100 borrowers in PSLF are receiving $465 million in debt relief, and 61,000 borrowers are receiving $2.5 billion in total and permanent disability discharges.

Senior citizens, all members of the Debt Collective, rally outside the Education Department on Dec. 11. (Valerie Plesch/AP Content Services for Debt Collective c/o Sustainable Markets) ...

The department has also approved around $16.2 billion in debt cancellation for nearly 572,000 borrowers with a total and permanent disability, a group that includes many veterans.

You might be eligible for relief through this plan if: Your federal student debt exceeds the amount you initially borrowed, after interest. Your federal student loan is older than 20 or 25 years.

Student loan forgiveness is still at risk. Last year, the Biden-Harris administration's first attempt at widespread forgiveness was shot down by the Supreme Court. Then, in April, the ...

The movement created a ‘senior citizen’ political identity, now a powerful voting bloc,” she writes. “Through their activism, elderly people came to see themselves as deserving of ...

On July 18, the Biden administration approved the cancellation of roughly $1.2 billion in student loan debt for 35,000 Americans working in public service. 1,2 This debt relief is a result of ...

Who qualifies for student loan debt forgiveness? On May 22, President Joe Biden made a statement about his administration's cancellation of $7.7 billion in student debt for 160,000 borrowers.

Death or disability discharge: Yes, the loan is forgiven if the student dies or becomes totally and permanently disabled. Repayment preferences Allows greater-than-minimum payments via autopay: Yes.