Fox 19: Preparing to apply for student loan forgiveness
UC financial aid director discusses President Biden’s loan forgiveness plan
President Joe Biden in August announced a plan to cancel up to $20,000 for eligible student loan borrowers. Borrowers with loans held by the U.S. Department of Education are eligible for this relief if their individual income is less than $125,000 (or $250,000 for households). The U.S. The Department of Education also continues to manage many targeted, ongoing loan forgiveness programs directed at specific populations.
Randy Ulses, director of compliance and training for student financial aid at UC, spoke with Fox 19 News about the student loan forgiveness plan. He explained that a student debt relief app will be available on StudentAid.gov this month and that individuals looking for assistance should be wary of potential scams. There is no cost to apply and individuals should only use StudentAid.gov and give information on that site.
Listen to the Fox 19 interview online.
Visit the UC website for more information on this plan as well.
Featured image of Randy Ulses at the Fox 19 studio. Photo provided.