Do You Qualify For $1 Billion Of Student Loan Cancellation?

Do You Qualify For $1 Billion Of Student Loan Cancellation?

Do you qualify for $1 billion of student loan cancellation?

Here’s what you’ll want to know.

Student Loans

Now that President Joe Biden has cancelled $1 billion of student loans, you could be questioning should you qualify for student loan cancellation.

How to qualify for $1 billion of student loan cancellation

To qualify for the $1 billion of student loan cancellation, you will need to meet the next standards:

  • You are one in all 72,000 student loan debtors;
  • Your faculty or college misled or defrauded you, or your college closed completely;
  • You utilized for student loan cancellation below borrower protection to student loan compensation forgiveness;
  • You proved to the U.S. Department of Education that your college misled or defrauded you, or that your college closed completely;
  • You suffered monetary hurt; and
  • You already received some student loan cancellation, however not all of your student loans have been cancelled.

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