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Have we been forsaken of loan forgiveness? Many people are horrified at the message that now displays on the federal student aid website :
The words “Student debt relief is blocked” are displayed as a defeating banner, after months of promises and even priority applications.
In Schoolology Chapter 2, I encouraged readers to apply ASAP and even presented qualification details.
Now, does none of this matter? Have we been forsaken?!
All hope is not lost, and you should still apply if and when, new applications are accepted. Here’s Why:
Already, about 26 million people have applied, and 16 million applications have been approved. However, because of court rulings, none of the relief has actually gone out. The Department of Education would “quickly process their relief once we prevail in court,” White House Press Secretary Karine Jean-Pierre said.
Therefore, loan forgiveness is now a waiting game. If you took our advice and applied early, you are likely already approved and awaiting the reversal of the court for disbursement.
If you have not yet applied, I will provide an update immediately upon notification that applications are being accepted. Trust me, I am keeping a close eye on loan forgiveness.
As with many things in life, loan forgiveness is now a test of patience. A test we can pass.
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Discuss!