Student Loan Forgiveness: The Best for Students, Woe to Taxpayers

Do You Qualify for the Student Loan Forgiveness

The loan is not for everyone. There are strict restrictions on who qualifies for the loan. So, if you don’t meet the set criteria, you are out.

This student loan forgiveness program is for borrowers who meet certain employment and payment criteria. That should tell you that this is not your thing if you are looking for a job.

Why would they give loan forgiveness to the employed and leave out those struggling to get jobs? Well, that’s what the program requires.

Then one more thing to note: the loans being cleared and paid for are only the ones related to the federal government. So, it’s not any other student loan.

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There are also strict qualifications – such as your occupation, specific student loan plan, military status, and more – if you want to have any portion of your loans cleared.

If you have some private student loans, you may need to check out other options rather than this Biden’s loan forgiveness.