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Joe Biden's - 3 Jason Harmon - 3 It's - 2 — - 2 he's - 2 Harris - 2 isn't - 2 it's - 2
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Search resuls for: "Jason Harmon"


4 mentions found


☆ How a boomer just got $50,000 in student debt wiped out after making payments for 25 years
  + stars: | 2023-11-18 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +6 min
It's a result of an account adjustment for borrowers who made the required 20 or 25 years of payments. AdvertisementGeorge Tucker thought he would be resuming student-loan payments alongside millions of other borrowers this fall. Tucker, 63, owed just under $50,000 on his student loans when the more than three-year pause on federal payments ended in October, per documents reviewed by Insider. Although PSLF was intended to forgive student debt after ten years of qualifying payments, Tucker said paperwork challenges with the program threw him off track, and he was not anticipating debt relief. George Tucker got $50,000 in student debt wiped out.
Persons: George Tucker, It's, Tucker, —, Little, he's, PSLF, MOHELA, Harris, Joe Biden's, isn't, Miguel Cardona, servicers, Jason Harmon, Harmon couldn't Organizations: Service, Public, Harris Administration, Biden, Joe Biden's Education Department, Department, Education, Education Department, MOHELA
☆ Student-loan borrowers keep running into hurdles as Biden's debt relief promises are piling up in court
  + stars: | 2023-08-13 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +6 min
The lawsuits concern relief for borrowers on income-driven repayment and those who applied for borrower defense. On top of that, borrowers are still reeling from the June Supreme Court decision that struck down President Joe Biden's plan to cancel up to $20,000 in student debt for federal borrowers. The announcement was part of the department's one-time account adjustment to ensure borrowers payments are up to date, and those who completed more than the required payments would receive a refund. But just days later, a separate debt relief measure got blocked in court. The department has already notified borrowers of that relief, and it expects more will qualify.
Persons: SCOTUS, Biden, Joe Biden's, it's, Jason Harmon, I've, I'm, Harmon, —, Reagan Organizations: Service, Education Department, New Civil Liberties Alliance, Cato Institute, Mackinac Center for Public, Public, An Education Department, Trump, Circuit, Career Colleges, Schools of Texas Locations: Wall, Silicon
☆ A Gen Xer with $47,000 in student debt just got word his loans will finally be wiped out after nearly 3 decades of payments
  + stars: | 2023-07-30 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +6 min
Jason Harmon, 54, has $47,000 in student debt he's been paying off for nearly three decades. Jason Harmon, 54, has $47,000 in student debt that could soon be forgiven through a one-time account adjustment. "With these changes, you are now eligible to have some or all of your student loans forgiven because you have reached the necessary 240- or 300-months' of payments under IDR." And that's really the most important feeling that I'm going to get out of this," he said. I'm not going to believe the government's letter, I'm going to believe the credit report," Harmon said.
Persons: Jason Harmon, he's, Harmon, Joe Biden's, Harris, isn't, It's, it's, I've, I'm, you'll, – Organizations: Education Department, Service, University of Arkansas, Joe Biden's Education Department, Biden, Harris Administration Locations: Wall, Silicon, Arkansas, MOHELA, —
☆ Meet a man with $47,000 in student debt who's been trapped in a student-loan repayment 'bureaucracy nightmare' for nearly 3 decades without the debt cancellation he was promised
  + stars: | 2023-01-01 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +6 min
He was promised loan forgiveness after 25 years, but he's still repaying the debt with nearly a decade to go. "We are literally crushed by this debt," Harmon, 53, told Insider. NPR obtained internal documents indicating that three student-loan companies — PHEAA, CornerStone, and MOHELA — weren't tracking payments borrowers made over the past two decades for their income-driven repayment plans. 'The government is not fulfilling its obligation'US lawmakers are aware of failures with income-driven repayment plans. It found that the department had approved just 157 loans for full forgiveness under income-driven repayment plans, with 7,700 more loans "potentially eligible" for forgiveness.
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