Student Loan Forgiveness: Does Student Loan Debt Transfer to A Spouse?

Written by Reananda Hidayat Permono Completed Master of Science - MS, Petroleum Geology from Curtin University, Perth, Australia.

Republican lawmakers brought at least six legal challenges against Biden’s student loan forgiveness program to the Supreme Court.

Hence, the Supreme Court will conduct oral arguments for two of those lawsuits at the end of this month.

Here are some FAQs about student loan forgiveness that you should know.

Is it better to pay off student loans or a car loan? You should pay the highest-interest loan first.

Therefore, paying down your car loan will give you a better debt-to-income ratio than the other way around.

What happens if I can't pay Sallie Mae? There are several consequences, including being charged late fees for delinquency.

Besides, your status will be sent to consumer reporting agencies, and you will get a negative credit report.

Can Navient take my Social Security? Private lenders, like Navient, can sue you if you fall behind on your bills.

However, they can’t garnish any type of Social Security payment. Does student loan debt transfer to a spouse? Each spouse is responsible for the student loan they got.

So marriages don’t make you responsible for loan debt your spouse got before you tied the knot.

How can I tell if my Navient loan will be forgiven? According to the company, Navient will notify all borrowers by June 2022 if their loans will be forgiven.

Make sure you fulfill the requirement before receiving the loan relief.

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Designed by Alexander Rabu

Student Loan Forgiveness: How Serious is Student Loan Debt?