December 1, 2021

College

Its all about the school

Is Biden’s Automatic Student Loan Forgiveness Legal?

8 min read

The Biden Administration has been automatically forgiving student loans for 100,000s of borrowers. But is it legal? We break it down here: https://theci.co/automatic-loan-forgiveness

Here’s what we’re talking about in this video:

0:00 – Borrowers are receiving automatic forgiveness
0:59 – What the Biden administration is doing
1:11 – How much forgiveness has been applied
1:49 – Timeline of student loan forgiveness action
3:45 – Forgiveness programs that are automatic
5:09 – Update on Public Service Loan Forgiveness
5:46 – Other actions that have taken place
6:34 – Is broad student loan forgiveness legal?
7:46 – How automatic student loan forgiveness could change

▶︎ How to budget as a college student with variable income and expenses

▶︎ Budget categories for students

▶︎ Sample college budgets

▶︎ Budgeting tools

★☆★Resources Mentioned in this video:★☆★

💵 PSLF Update: https://thecollegeinvestor.com/38337/pslf-reforms-through-executive-action/

💵 State Taxes And Loan Forgiveness: https://thecollegeinvestor.com/36107/state-taxes-on-student-loan-forgiveness/

★☆★ Want More From The College Investor? ★☆★

💻 Check out the website here: https://thecollegeinvestor.com/

Source: The College Investor

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