Student Loan Forgiveness: Can All My Student Loan be Forgiven?

The Biden administration announced the student loan forgiveness program that will erase borrowers' debt up to $20,000.

However, there is an income requirement to be eligible for the program. Here is more information on the student loan forgiveness plan for you.

Why did my student loans disappeared off my credit report? It's either you fell into default more than 7 years ago or your loan servicer made a mistake.

Therefore, you still have to pay them even if your loans disappear from your credit report.

What happens if I don't pay off my student loans in 10 years? Your student loan defaults, and the status will be reported to national credit reporting agencies.

Furthermore, this condition may damage your future borrowing ability and credit rating.

Does student loan disappear after 30 years? The student loans issued since September 2012 are forgiven by the federal government 30 years after repayment starts.

What schools are part of the loan forgiveness program? There are some schools for it, such as American Career Institute,...

The Art Institute, ITT Technical Institute, Charlotte School of Law, and Kaplan College.

Can all my student loans be forgiven? There are some specific eligibility requirements you have to meet to qualify for the student loan forgiveness program.

You must have an annual interest of less than $125,000 for individual or $250,000 for married couples to qualify for the program.