New student loan forgiveness: 8 types of people who can qualify


Biden’s new student loan forgiveness plan offers several benefits. But who qualifies? Here are 8 categories.

2. Borrowers who are presently already in default on the federal student loans.

3. As part of their financial aid, those who receive a Pell Grant will qualify.

4. Eligible Individuals or those currently receiving federal poverty-based benefits.

5. Those with disability / those who receive Social Security disability benefits through data sharing with SSA.

6. Borrowers who can't service their loans in a prison address could be the basis of automatic relief.

7. Those people who have a history of being unable to repay their loans.

8. Elderly individuals who borrowed loans. Low-income seniors over 65 years qualify.

Save for financial emergencies and loans. Open a high-yield savings account with Beem.