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Federal Student Loan Forgiveness Programs Already Exist. Why Aren't More Borrowers Taking Advantage?

Biden campaigned on improving this under-the-radar option.

Biden campaigned on improving this under-the-radar option.

Student_Loan_Interest_Tax_Deduction

You Can Deduct Student Loan Interest on Your 2020 Taxes Even if You Skipped Payments Last Year

But you need to have paid some interest on your loans in 2020.

But you need to have paid some interest on your loans in 2020.

Law-School-Average-Debt

Want to Be a Lawyer? You May Have to Take on More Than $150,000 in Debt

Becoming a lawyer is challenging — and costly.

Becoming a lawyer is challenging — and costly.

Medical-School-Average-Debt

Why Medical Students Graduate With So Much Debt

It may be inevitable to take on debt to go to medical school, but there are...

It may be inevitable to take on debt to go to medical school, but there are still ways to reduce how much you borrow.

Student-Loans-Cancellation-Joe-Biden

Should You Keep Paying Your Student Loans Even If They Might Get Forgiven?

Current borrowers can skip payments without facing any penalties.

Current borrowers can skip payments without facing any penalties.

Application-Federal-Student-Aid

Congress Just Made It a Lot Easier to Apply for Financial Aid

Students won't see most of the changes for another two years.

Students won't see most of the changes for another two years.

The federal government made a handful of changes to help borrowers who work in public-sector jobs (including firefighters) navigate the Public Service Loan Forgiveness program.

Public Service Loan Forgiveness: 3 Recent Changes That Make It Easier for Borrowers

Changes include counting extra payments differently.

Changes include counting extra payments differently.