Loan Forgiveness Approvals!

american flag and money falling down

Schoolology Ch. 5

Estimated reading time: 2 minutes

Have you ever been asked, “do you want the good news or bad news first?” I’ve always abhorred that question… Loan forgiveness approval emails have gone out, did you receive one? What does it mean for your student debt?


Undergrad graduation (2017). I was already afraid of debt but knew I wanted a MBA. There are few financial options for those of a similar background such. as myself, except for loans.

So, let’s get into the good news!


As suggested in this blog, those that applied for forgiveness in October, received the following email:

loan forgiveness approved
Please note: The email comes from the Secretary of Education, Cardona. Do not be fooled by phishing emails.


While it is nice to know if you’ve been approved, the bad news, is there is no date of when the funds will be disbursed to loan services.

loan forgiveness breezideezi
Photo by Karolina Grabowska on

With student loan repayments resuming in January, we can only hope the relief is applied soon. However, there are sources that say Biden will extend repayments as he fights lawsuits to grant loan forgiveness. Read more, here.

Loan forgiveness is necessary for those of us still playing financial catch-up because we chose to go to college. Likewise, the economy will see a much-needed resurgence with loan forgiveness, as student debt is the largest source of individual debt in this country.

As promised, I will continue my research and updates to provide you with the most up-to-date loan forgiveness news.


2 responses to “Loan Forgiveness Approvals!”

  1. Love your commentary! Very insightful! Thanks for sharing.

    1. Did you receive your approval email? Thanks for reading !


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