If you already have student loan debt, do you know if you're one of the 50 % of student loan borrowers that qualify for some
kind of student loan forgiveness program?
There are a wide
variety of student loan forgiveness programs available for people working in areas like education or public service, so be sure to see what options may be available to you.
The cancellation of student loan debts takes place through the borrower's student loan servicer, but the federal government via the Department of Education takes on the financial
responsibility of student loan forgiveness.
The
idea of student loan forgiveness has always been taken in one of two ways: An amazing policy that will help usher in a new wave of highly educated, unburdened workers, or an enormous cost for taxpayers and an ineffective policy.
Trump has made comments that he would like the government to cover the cost
of student loan forgiveness under his new plan - which leads us to believe that it would be tax free student loan forgiveness.