by Mitch St Thomas | Sep 23, 2025 | Loan Forgiveness
If a former college student with an outstanding Federal loan balance becomes disabled, he or she may not need to repay that debt under the provisions of the Total and Permanent Discharge (TPD) program. To obtain debt forgiveness, the individual needs to apply for the...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Apr 15, 2024 | Loan Forgiveness
On April 8, President Biden released the details of his new student loan debt forgiveness plan. The plan would reduce payments for 26 million borrowers and erase all debt for four million more. Ten million of these borrowers will receive debt relief of over $5,000...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Mar 12, 2024 | Loan Forgiveness
Since 2021, the Biden administration has forgiven $138 billion in student loans for 3.9 million borrowers. The Administration announced on February 21 that another category of borrowers would have their loans forgiven by the end of the month. This $1.2 billion tranche...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 25, 2023 | Loan Forgiveness
If a former college student with an outstanding student loan balance becomes disabled, he or she may not need to repay the debt under the provisions of the Total and Permanent Discharge (TPD) program. To obtain debt forgiveness, the individual needs to apply...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Nov 28, 2022 | Loan Forgiveness
One of the most popular student financial aid programs managed by the U.S. Education Department (ED) is the Public Service Loan Forgiveness (PSLF) program, and it’s easy to figure out why. PSLF promises Federal loan holders that, upon meeting requirements pertaining...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Oct 19, 2022 | Loan Forgiveness
In August, President Biden announced the Federal Student Loan Forgiveness Plan (the Plan), which will cancel 20% of the outstanding Federal student loan debt of $1.5 trillion. Debt relief will be granted to 43 million borrowers, eliminating the entire remaining...
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