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Student Loans

August 25th, 2022 at 12:55 am

Lord, I pray that I'm eligible for the student loan forgiveness. 

Biden made the announcement and I have no clue if I'm a part of the eligibility group. 

Fingers crossed s 

Posted in Reaching Financial Freedom | 5 Comments »

5 Responses to “Student Loans”

  1. Lots of Ideas Says:
    August 25th, 2022 at 03:16 am 1661393782
    1661393782

    You can read about it here.

    There is a place to sign up to be notified when applications open, but I hear the website is slow.


    https://studentaid.gov/debt-relief-announcement/

  2. Suzanne Says:
    August 25th, 2022 at 10:46 pm 1661463974
    1661463974

    There's an income limit on it...I believe it's $125K

  3. Amber Says:
    August 26th, 2022 at 01:51 am 1661475095
    1661475095

    Thanks Lots of Idea, I signed up for the alerts.
    @Suzanne my income is $105k but after taxes I’m thinking about 87k
    Last year with all my deductions I was able to get down to about 60

  4. DW Says:
    August 26th, 2022 at 01:29 pm 1661516959
    1661516959

    Amber, while you’re waiting to see if you will get student loan relief, consider something radical. If you get $20000 in relief, are you willing to raid your emergency fund to knock the balance out and be DEBT-FREE? You have enough in sinking funds to be you time to rebuild. But just think, each paycheck would be yours. Give it some thought.

  5. Frank Says:
    August 26th, 2022 at 02:52 pm 1661521941
    1661521941

    @DW,I would only pay the minimum on the student loans. Very likely that Biden or a more progressive Democrat will forgive more loans in the future.

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