Here’s how to get student loan forgiveness. Here’s what you need to know — and what it means for your student loans.
There’s plenty of student loan cancellation up for grabs—you just need to know how to apply and where to find it. Since January, President Joe Biden has cancelled more student loans than any other president in U.S. history, and Biden will continue to cancel more student loans. You may be wondering how to get your student loans cancelled. Here’s how to get student loan forgiveness and student loan cancellation:
1. How can I get student loan forgiveness?
There are several ways to get student loan forgiveness. Here are a few:
To get student loan forgiveness, typically you to have complete certain requirements or meet qualifications. Most the student loan forgiveness isn’t automatic.
2. Do I qualify for student loan forgiveness?
Most options for student loan forgiveness relate to federal student loans only. There is no student loan cancellation for private loans through the federal government. That said, contact your student loan servicer to inquire about private student loan cancellation. Here is a snapshot of how to qualify for popular types of student loan forgiveness:
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