Six Ways You Can Still Cancel Your Student Debt

June 30, 2023
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There are still plenty of ways to get your student debt wiped away.

The Supreme Court’s decision on Friday to block President Biden’s loan forgiveness program will be an enormous disappointment for the 43 million people who might have benefited from having up to $20,000 of debt canceled, but millions of borrowers have already gotten relief thanks to a grab bag of methods that are still available.

That’s because the Supreme Court’s disapproval of the plan does not change laws and regulations that already give many federal student loan borrowers an escape hatch.

What follows is a list of ways to eliminate your federal student loan balance aside from paying in full. (Rules are different for private student loans that do not come from the government, and they’re generally much more strict.) It includes many citations for other articles, F.A.Q.’s and explainers we have published on these topics.

Too many people do not know they are eligible for one or more of these programs. If you know someone who is struggling with student loan debt, suggest that the borrower review every last option.

Source: The New York Times