January 24, 2022

College

Its all about the school

Is Biden’s Automatic Student Loan Forgiveness Legal?

11 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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