Jason DiLorenzo’s Post

Learn how IonTuition can help your students with their repayment options and help them through this chaos. Career Education Colleges and Universities FAPSC - Florida Association of Postsecondary Schools and Colleges MAACS

If you are going for PSLF/Public Service Loan Forgiveness, please be aware that two income driven repayment plans are returning for those impacted by the SAVE forbearance + court injunction. Also here's the latest press release about loan forgiveness. https://lnkd.in/giw4_yC4

Since the end of the pandemic relief period, the SAVE Plan has been an available repayment option for Direct Loan borrowers. The plan is being rolled out in multiple phases—initially two, but now seemingly three. According to a Penn Wharton Budget Model, the SAVE Plan could cost $475 billion. Despite this, the Biden administration aims to assist millions of borrowers through this initiative: https://hubs.ly/Q02B7Wns0 #saveplan #highereducation #bidenadministration

High-interest loans have long weighed heavily on vulnerable communities, costing Illinois residents over $600 million in 2019 and trapping many in a relentless cycle of debt. However, recent state legislation has brought significant relief by capping interest rates at 36%, down from as high as 200%. This crucial change provides new hope for those struggling with debt, enabling many to reclaim their financial futures and break free from financial burdens. At JFLC, our values resonate with these reforms as we work to advance financial fairness. Our interest-free loans are designed to alleviate the strain of high-interest debt, offering a supportive alternative for our community to meet their financial needs. Through our efforts, we aim to make a meaningful difference and ensure that financial challenges do not define your future. #BreakTheCycle #FinancialFreedom #JewishFreeLoan #Empowerment #Jewishcommunity #jewishlife #freeloan #chicagoland #CommunityResilience

Some important key considerations here for parents fortunate enough to be able to assist their kids 👩🎓🏡 Gifts or Loans - seek advice on which is most appropriate, and document it either way. There are a lot of benefits in treating the Bank of Mum and Dad as just that: a bank 🏦 For example, gifts might disappear in a property settlement if your child’s relationship breaks down, whereas a loan can provide greater protection 📑 Update your Wills - are loans to be repaid or forgiven? Are gifts to be accounted for? Making it clear could reduce the risk of perceived unfairness amongst beneficiaries and heated arguments down the track Transparency - Speaking with your families, getting everyone on the same page and addressing queries now might increase the chances of acceptance and understanding and hopefully avoid high litigation costs and the destruction of family relationships after you’re gone 🤝 #willsandestates #bankofmumanddad #estatelitigation

Recent activity confirms that Courts are not "Ghoul" with the latest iteration of income-driven repayment (IDR) plans, called SAVE... which remains blocked as 8 million enrolled borrowers are extended a payment and interest forbearance. Learn the latest here: ttps://https://lnkd.in/gnHf6t8d #StudentLoans #IncomeDrivenRepayment #SAVEPlan #LoanForgiveness #FinancialLiteracy #PSLF

While courts can put obstacles in the path of loan forgiveness, the permanent bureaucracy can simply continue to delay payments. The result is a very chaotic-looking version of loan forgiveness. Read the full article from the Foundation for Economic Education on True North. https://lnkd.in/eKVmcfJe

We’ve been wondering (and reporting) on the “borrowers with hardships” group possibly being removed from Biden’s Plan B for loan forgiveness. Now we know why. He is targeting that group (in a good way) with a separate forgiveness proposal. Details have not been released just yet, but the initial language seems to match what was proposed for this same group of borrowers when Plan B was announced. Check out our detailed summary of Plan B to get the broad strokes at https://lnkd.in/eG3cUi7P #SLProfessor #BidensPlanB #studentloandebt #studentloanupdate

In brief, the proposed regulations would provide loan forgiveness for: 💲 Borrowers with runaway interest 💲 Borrowers who entered loan repayment at least 20 years ago 💲 Borrowers who are not currently enrolled in an income-driven repayment 💲 Borrowers who used federal loans to attend an institution that has closed Click for all of the details you need to know about the plan. #StudentDebt #HigherEd #EdPolicy

Workforce Development will lead reducing this burden by creating innovative career pathways with higher education and Education Tech partners. Reducing costs for learners and employers is possible through innovative partnerships that support tuition and loan forgiveness. Earn while you learn, stackable pathways, and starting training in high school are just some ways to get there! Let's great creative and break down barriers! #workforcedevelopment #breakdowncareerbarriers #reducestudentloanburden