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The U.S. Department of Education (USDE) plans to apply one-time account adjustments by the end of 2023 to all income-driven repayment (IDR) plan borrowers who've reached enough payments for forgiveness, an estimated 804,000 people.

However, the New Civil Liberties Alliance (NCLA), on behalf of the Cato Institute and the Mackinac Center for Public Policy, filed a lawsuit Aug. 4 in the U.S. District Court for the Eastern District of Michigan to stop the implementation of this plan.

We are excited to support this community health event in Corona, CA on Saturday September 9th! If you are in the area, please come out and join us. If you would like to make a donation, will be matching all donations!

For more information about this event and to make a donation, visit https://business.mychamber.org/events/details/the-pink-journey-support-sisterz-matching-funds-campaign-20395 (link in bio)

A federal court has blocked new Biden administration rules aimed at forgiving the debt of student borrowers who attended colleges that misled them or closed unexpectedly.

What does that mean for your student loans? DM@GoThriveley for a FREE loan review and know what options are available for you through the Department of Education.

President Joe Biden and the Education Department are moving forward with a number of student loan forgiveness initiatives. Meanwhile, millions of borrowers are bracing for student loan payments to resume.

We are here to help, DM for a FREE student loan review and understand what your options are with the Department of Education

Transformative Experience!

🌟 Sharing Amy's journey with Thriveley. From doubts to absolute delight, this has been a game-changer! Thank you for making my dreams come true! 🌟

DM for a FREE comprehensive student loan review and learn what options are available for you through the Department of Education.

Disclaimer: Please note that Thriveley is a document preparation company and cannot forgive student loan debt or lower payments. This is a client of ours who wanted to share their experience with our company. We assisted in filing their applications as required by the Department of Education & their federal student loan servicers. We are sharing this client experience for informational purposes only.

The White House released data today showing the number of student borrowers in each state who were eligible for automatic loan relief under the one-time payment adjustment for income-driven repayment (IDR) plans.

The Biden administration announced Friday it would automatically forgive $39 billion in student debt for 804,000 borrowers.

The relief is a result of fixes to the student loan system's income-driven repayment plans. Under those repayment plans, borrowers get any remaining debt canceled by the government after they have made payments for 20 years or 25 years, depending on when they borrowed, and their loan and plan type.

In the past, payments that should have moved a borrower closer to being debt-free were not accounted for, according to the Biden administration.

"For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness," U.S. Secretary of Education Miguel Cardona said in a statement.

To bring people over the line for forgiveness, the Biden administration counted payments for borrowers who'd paused their payments in certain deferments and forbearances and those who'd made partial or late payments.

source: whitehouse.gov
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Here's what you need to know about student loans as the Supreme Court mulls case.

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Disclaimer: Thriveley cannot forgive student debt. We are sharing this for informational purposes only. We assist in document preparation and filing applications as required by the DOE & the loan servicer.

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What's in store for borrowers once the payment pause is lifted?

DM if you have any questions about what to do with your student loans once the payment pause is lifted.

Happy Memorial Day weekend as we Honor and remember our fallen heroes 🙏🏻

BREAKING NEWS! - It would require the Education Department to reverse months of forbearance since September 2022 and waived interest charges that was part of the federal response to the Covid-19 pandemic. It would also prevent the implementation of President Joe Biden’s up to $20,000 cancellation of student debt — regardless of how the Supreme Court rules on the legality of the program.

Pause on student loan payments about to end for millions. That means borrowers, who have been jolted around since March 2020 with last-minute extensions and uncertainty over exactly when they should expect payments to start up again, will finally have to make payments

Get ready for New Student Loan Problems: Prepare for Lost Payments, Surprise Late Fees as Contracts Change Hands.

In a statement, Education Department officials indicated that, ultimately, the new contracts would be better for borrowers, since they will incentivize better customer service and increase accountability.

PSLF - Public Service Loan Forgiveness Qualifying Employer

What is a Qualifying employer when it comes to your Federal student loans?

Supreme Court will rule against Biden’s student loan forgiveness plan, legal experts predict.

Biden’s next student loan headache: A cash crunch at the Education Department -

Borrowers are set to face longer hold times to speak with their loan servicing company, potentially slower paperwork processing and reduced call center hours.

You should NEVER share your FSA ID login credentials with anyone! If anyone asks you what your login information is for StudentAid.gov RUN !!

What you need to know about wage garnishments and the student loan repayment pause.

Student borrowers are anxiously waiting to hear how the Supreme Court will rule on legal challenges to the Biden administration's plan to forgive some student debt. Stay posted for updates as they come in

Why should student loan borrowers be forced to pay JUST so that Sofi can make its money? Fair or not Fair? What are your thoughts?

The company argued it has lost $300 million to $400 million in revenue since the payment pause began.

“The Moratorium has eliminated the primary benefits of student loan refinancing,” the lawsuit says. “In essence, Sofi is being forced to compete with loans with 0% interest rates and for which any ongoing repayment of the principal is entirely optional.”

Basic Requirements for ALL Teachers according to the Department of Education

If you have questions about any of the programs that you might qualify for through the Department of Education DM@GoThriveley for a FREE comprehensive student loan review and get all of your questions answered.

A GOP lawmaker wrote a one-sentence bill to abolish the Department of Education. His reasoning doesn't address student loans, grants, or any of the major things the department does.

Do you know the answer to this question?

When do student loan payments resume? and how much do I have to pay?

I NEED HELP!

DM for a FREE comprehensive student loan analysis and get all of your questions answered!

Not what you want to hear about student loans? DM and get a FREE comprehensive student loan review and learn what options are available for you through the Department of Educaiton

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