Student Loan Forgiveness: More FAQs

Student Loan Forgiveness: More FAQs

You will be eligible for the student loan forgiveness program if you have an annual income of less than $125,000 individually.

Moreover, married couples who earn less than $250,000/year also qualify for the program. Here are some FAQs about the student loan forgiveness plan that you need to know.

How do I know if Navient is cancelling my student loans? Certain loan borrowers will receive a notification from Navient that their qualifying private loans has been cancelled.

What states filed against Navient? To qualify for the forgiveness, the borrower's mailing address must be within one of these states:

Kansas, Arkansas, Michigan, South Carolina, Rhode Island, West Virginia, and Vermont.

What happens if I don't pay my Navient loan? If you're in default, you'll lose eligibility for certain programs like forbearance, deferment, and student loan forgiveness.

Can the IRS garnishee your Social Security check for a student loan? The government can garnish...

your Social Security benefits for unpaid debts such as a child or spousal support, back taxes, or a defaulted federal student loan.

Can you legally remove student loans from credit report? Generally, you can't remove student loans from a credit report unless there are errors.