(WSPA) – Earlier this fall, we heard so much talk about the Student Loan Debt Forgiveness program, but for weeks now, it has been on hold.
The program has faced numerous lawsuits, one of which is from six states including South Carolina.
On Thursday evening, a federal judge struck down President Biden’s student loan forgiveness program, declaring it unlawful.
The Biden Administration appealed the ruling Friday. The case is headed to the US Court of Appeals for the Fifth Circuit.
That court of appeals could return the case to the lower courts or they could rule in favor of the Biden Administration.
It is possible either side could eventually ask the Supreme Court to pick up the case.
So, should you still apply? Do you really need help with the application? Scammers think so.
We looked into what you need to know about the process as it stands now, in this 7NEWS Consumer Exclusive, Loan Forgiveness Update.
26 Million have applied
When you have big dreams like Wofford sophomore Colby Garner, $10,000 in debt relief is no less than a shot in the arm.
“Coming out of my undergrad debt free would be huge for potentially applying to med schools and going through that process of becoming a doctor,” Garner said.
Garner is one of 26 million people, so far, who have already filled out the application for debt relief on StudentAid.gov.
The process…
