Newsletter - Student Loan Forgiveness: What’s Getting Fixed?

This is your Newsletter. [LPB]( [LPL]( [LetmePayday Newsletter]( You Might Like     [Learn more about Jeeng](  [Student Loan Forgiveness: What’s Getting Fixed?]( [Student Loan Forgiveness: What’s Getting Fixed?]( One-time fixes to loan forgiveness programs have resulted in $25 billion discharged among 1.3 million borrowers. On Aug. 30, a group of 79,000 former Westwood College students learned their federal student loans will be forgiven, bringing the total debt erased through existing forgiveness programs since the start of President Biden’s term to nearly $34 billion, according to the Department of Education. The education department estimates roughly 1.6 million borrowers have seen their debt erased through targeted one-time fixes: - $14.5 billion for 1.1 million borrowers whose schools either defrauded them or closed. - $10 billion for more than 175,000 borrowers through Public Service Loan Forgiveness. - $9 billion in total and permanent disability discharges, impacting more than 425,000 borrowers. In addition to loans discharged through these existing forgiveness programs, the administration announced it will return federal borrowers who have defaulted on their loans to good standing through the Fresh Start initiative, and, more prominently, openly discussed a broad student debt cancellation plan. While the department says it is working on new regulations that more permanently remedy the flaws in forgiveness programs, here’s what has happened so far. [[icon] Read MoreÂ](  [Get the money you need](  [Should You Buy or Lease a Car? Pros and Cons of Each]( [Should You Buy or Lease a Car? Pros and Cons of Each]( Leasing a car may be less expensive than buying. But if cost is your primary concern, you have many options for financing a car purchase. Shopping for a car is exciting, and there’s a lot to consider — including whether you’re going to finance or lease the vehicle. When deciding whether to buy or lease a car, you’ll need to consider a few main factors, including the purpose of the vehicle, the number of miles you expect to drive, and how much you want your monthly payments to be. Here’s what you need to know about the difference between leasing and buying and how to decide which option is right for you: -   Leasing a car -   Is leasing a car right for me? -   Buying a car -   Is buying a car right for me? Leasing a car A car lease is a contract between you and the lessor (the company that owns the car). You make monthly payments, and in exchange, you have the right to drive the vehicle for a fixed period — usually two or three years. [[icon] Read MoreÂ](  You Might Like     [Learn more about Jeeng]( Connect with LetmePayday on Social Media Pages [Facebook]( [Linkedin](    [Unsubscribe](