Some Federal Family Education, Perkins student loans won’t be forgiven

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Student loan forgiveness gained a bit of momentum after a group of borrowers discovered a limited backdoor strategy was suddenly shutting down.

About 770,000 borrowers would lose student loan waivers, according to a Biden government official.

But an outside expert estimated that the number could be significantly larger. The borrowers who are not eligible for forgiveness are those who have older Federal Family Education Loans and Perkins loans that are not held by or on behalf of the United States Department of Education.

Mark Kantrowitz, a student loan expert and author of “How to Appeal for More Financial Aid,” said the number affected could be as high as 4 million, depending on how many have already been consolidated.

Kantrowitz said he uses that figure based on data previously published by the U.S. Department of Education in the FSA Data Center.


The Valley Voice
The Valley Voicehttp://thevalleyvoice.org
Christopher Brito is a social media producer and trending writer for The Valley Voice, with a focus on sports and stories related to race and culture.

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