GOP budget proposals will raise costs on student loans, push more borrowers into default and cut assistance programs to the ...

So, the choice might not even be yours. Loan modification requires proving a hardship and your lender might not qualify your situation as the level of hardship they need. But if you are in an ...

The SBA has abruptly scrapped a program that allowed hundreds of thousands of borrowers to make smaller monthly payments. Here's what it means for businesses. Challenges ahead for small businesses ...

The recent decision by the NDHSAA to deny Sage Hanson’s hardship request is deeply troubling. It undermines the very purpose of hardship policies, which should provide support and fairness to ...

Here are some documents you may need to provide to qualify: Proof of income including payments Recent bank statements Tax returns Hardship letter explaining why you need a student loan modification ...

If you face persistent medical bills, family caregiving costs or other financial hardship, the Education Department wants to cancel your student loan debt. But don't count on it yet. Many ...

The Department of Education is defining hardship as an event or situation “likely to impair the borrower’s ability to fully repay the loan or render the costs of continued collection of the ...

Student-loan borrowers struggling financially may ... to cancel student debt if it's causing a borrower financial hardship. Officials said some examples of costs that might impose hardship include ...

Benzinga (Video) Biden Unveils Plan for Student Loan Forgiveness to Help Those in Financial Hardship Posted: October 25, 2024 | Last updated: February 26, 2025 The Biden administration has ...

The hardship proposal is part of President Joe Biden’s student loan forgiveness ‘plan B,’ which currently faces legal challenges. The president introduced ‘plan B’ in June 2023 ...