What You Need to Know About Student Loan Forgiveness: The Application, Important Dates, Who Qualifies & More

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 17 October 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Biden and the U.S. Department of Education made an announcement a few months ago that federal student loans that were eligible could see $10,000 or $20,000 in student loan forgiveness by the end of 2022. You’re probably wondering the same thing…yeah, I need to know all the details. In this super timely episode, I chat with student loan expert, Robert Farrington from The College Investor about all the details you need to know. We cover who is eligible and who is not for forgiveness, how you can find out whether you qualify, the important dates to know, as well as lots of other important student loan details like consolidation and money tips for 2023. Listen to this episode, text this episode to all of your friends ASAP, and get prepared for an interesting few months. Let’s start talkin’. LINKS The College Investor Studentaid.gov Student Loan Forgiveness Application SPONSORS Thanks to ShipStation for sponsoring the show. Go to ShipStation.com today and sign up with promo code MYMONEY for a FREE 60-day trial. Thanks to Ka’Chava for sponsoring the show. Ka’Chava is oﬀering 10% OFF for a limited time at Kachava.com/mymoney. Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney. Thanks to BetterHelp for sponsoring the show. I want you to start living a happier life today. As a listener, you’ll get 10% off your first month at BetterHelp by visiting our sponsor at http://www.betterhelp.com/mymoney. Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. LEAVE US A REVIEW Leave us an honest rating and review, pretty please. Head to the podcast player you’re listening to this episode in to leave us a review or you can click here to leave a review for Everyone's Talkin' Money podcast on Apple Podcasts. Love this episode. Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode! GOT A QUESTION? Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares MORE MONEY TIPS Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/shannahgame FREE GUIDES + RESOURCES Download our FREE Top 25 Episode Guide Download a FREE BONUS podcast episode 5 Minutes to Unlock a New Money Mindset Want to be featured on a Budget Rescue monthly podcast episode? Just head over to this short form and leave me a message. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You know, some people will automatically get their loan forgiveness and some people will have to apply for their forgiveness.
0:15.0	About 8 million or so borrowers will automatically get the loan forgiveness because the Department of Education
0:21.8	already has all your data and they know you qualify. However, I'm telling everyone, I don't care if
0:27.4	you think you're going to get automatic loan forgiveness or don't think you're going to get
0:30.4	automatic loan forgiveness. Cover your bases and you've got to go and fill out the application.
0:35.9	So the application will be released on student a.gov.
0:40.1	They're allegedly saying it's going to happen by the end of October.
0:44.3	However, a lot of lawsuits and stuff are challenging this,
0:47.2	and it kind of keeps getting pushed back and push back.
0:51.7	Welcome to everyone's talking money podcast. I'm your host, Shawna Game. There's no judgment,
0:58.5	no dumb questions, just smart conversations about you and your money. So come on in and grab a seat.
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