How to get student loan forgiveness in 2024

posted in: Society | 0

By Eliza Haverstock | NerdWallet

Student loan forgiveness has a mixed track record. Last summer, the Supreme Court struck down a broad plan that would’ve erased up to $20,000 per borrower. Still, student loan forgiveness is more accessible now than ever before. A handful of existing federal student loan forgiveness programs have erased $143.6 billion in student debt for 3.96 million borrowers as of March 21, according to the Education Department, with more to come this year.

The White House is currently trying to push through a narrower forgiveness ‘Plan B’ version of its failed broad forgiveness plan. The proven paths to forgiveness, however, include programs that range from income-driven repayment (IDR) plans — which cap monthly bills at a percentage of your income and forgive your remaining balance after 10 to 25 years — to niche programs for borrowers with certain loan types, jobs or school circumstances.

Here’s how to get student loan forgiveness in 2024 — and what you need to know before pursuing this path.

Check your eligibility

You must have federal student loans to qualify for a forgiveness program. Private student loans aren’t eligible.

To verify you have federal loans, go to StudentAid.gov, and try to log in or recover your account.

Next, check which types of federal student loans you have. If you have certain types of loans, like commercially held FFELP or Perkins loans, you may have to consolidate them before going after forgiveness.

Income-driven repayment

The newest IDR plan — Saving on a Valuable Education, or SAVE — is the most accessible path to forgiveness. All borrowers with federal direct loans are eligible to enroll.

The SAVE plan forgives remaining student debt in as little as 10 years if you have an original balance of $12,000 or less, and in up to 20 or 25 years for other borrowers. While working toward forgiveness, your monthly bills could be $0 per month if you earn less than $32,800 as an individual or $67,500 as a family of four; otherwise, they’ll be capped at 5%-10% of your income.

Public Service Loan Forgiveness

If you work for a qualifying government or nonprofit employer, you could be eligible for Public Service Loan Forgiveness (PSLF). This program erases your remaining balance after a decade of repayment.

“Generally, the PSLF program is the best one if you have access to it,” says Scott Stark, a financial coach and certified financial planner at Financial Finesse, a workplace financial wellness company.

Other forgiveness programs

Outside of IDR and PSLF, your student loan forgiveness options may include:

Teacher Loan Forgiveness, if you work in a qualifying low-income school.
Borrower defense to repayment, if you think your school defrauded you.
Closed school discharge, if your school closed during or shortly after your time there.
Perkins loan cancellation, if you have Perkins loans and work in public service.
State-based student loan payment assistance, if you work in health care or are willing to relocate to a new area.

Do the math

Use the Education Department’s loan simulator to see how much debt you could get erased under various forgiveness programs and repayment plans, how much your monthly payments could be and how long you’ll be in repayment.

If an IDR plan will result in you paying more interest for a longer period or paying off your debt before getting forgiveness, then it may not be a good choice for you. (Public Service Loan Forgiveness also requires enrollment in an IDR plan.)

“It really is a case-by-case kind of thing, but generally speaking, for people whose income is relatively high compared to their student debt loads, the income-driven repayment plans can be pretty unattractive,” says Tisa Silver Canady, founder of the Maryland Center for Collegiate Financial Wellness. “It might behoove them to just stay on a balance-driven plan and pay extra when they feel it makes sense.” Making extra payments toward the principal while on a balance-driven plan — like the standard 10-year plan, which splits your loan into 120 payments — allows you to shrink your debt faster and reduce total interest costs.

On the other hand, if the math for IDR works out such that borrowers can have smaller payments and keep more of their money to reach other financial goals, pursuing forgiveness is a good option, Stark says.

Prepare for a future tax bomb

IDR student loan forgiveness is exempt from federal taxes through 2025. After that, any amount forgiven could result in a student loan tax bomb. A small number of states tax IDR forgiveness, too.

It’s important to plan for a tax bomb if your forgiveness timeline will extend past 2025. Put a small amount of money aside each month to cover your future tax bill, Stark says.

Use the loan simulator to determine how much forgiveness you could ultimately receive: Your taxable income will increase by that amount in the year you get forgiveness. In some cases, the forgiveness could push you into a higher tax bracket, which could further increase your tax burden. If the amount you have to set aside each month to cover the tax bill is larger than the amount you’d save on the IDR plan, it might not be worth it.

Loan balances forgiven through PSLF, Teacher Loan Forgiveness, borrower defense to repayment, closed school discharge and Perkins loan cancellation are exempt from federal taxation.

Change your repayment plan

If you decide IDR forgiveness is the right choice, you must switch to an IDR plan like SAVE.

To sign up for an IDR plan, submit an online application at StudentAid.gov/IDR or call your student loan servicer.

You must also sign up for an IDR plan if you’re striving for PSLF. Choose the plan that gives you the smallest monthly bill to maximize the amount you could get forgiven after 10 years. It’s a good idea to submit your PSLF employer verification form each year to stay on track for forgiveness, Canady says. You can do this through the Education Department’s online PSLF Help Tool.

 

Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock.

Col. Christina Bogojevic named new chief of MN State Patrol

posted in: News | 0

Interim Col. Christina Bogojevic. (Courtesy of the Minnesota Department of Public Safety)

Interim Col. Christina Bogojevic will be the Minnesota State Patrol’s next colonel, the Department of Public Safety announced on Thursday.

Bogojevic, who has been with the State Patrol for more than 20 years, served as second in command since December 2022.

“Interim Col. Bogojevic brings a wealth of knowledge, leadership and dedication, not only to the organization, but to law enforcement as a whole,” Department of Public Safety Commissioner Bob Jacobson said, in a statement. “She embodies the State Patrol’s core values and cares deeply for the people with whom she works with and serves. I am confident she will continue to make a positive impact within the State Patrol and communities across our state.”

Bogojevic joined the State Patrol in 2003. Before she was named lieutenant colonel, Bogojevic served as captain of the Rochester district, mobile response commander, lieutenant in the Commercial Vehicle section, investigator, recruiter and as a crash reconstruction specialist.

“Working for the State Patrol is so much more than a job to me. It’s a passion. I care deeply about our people and our mission. I’m honored to have the opportunity to serve as chief,” Bogojevic said in a statement. “I look forward to working with Minnesota State Patrol staff and allied agencies who work so hard to keep residents safe on Minnesota roadways.”

Bogojevic said she looks forward to working on efforts to lower Minnesota’s traffic fatality rate. The rate is up this year compared to last year. She said she is also passionate about developing innovative ways to recruit and retain troopers.

Bogojevic was named interim colonel after Col. Matt Langer’s announcement that he was leaving the State Patrol for a position with the International Association of Chiefs of Police.

She officially takes over as colonel on May 2.

Related Articles

News |


Nicolae Miu found guilty in Apple River homicide, other stabbings

News |


Mother and children who died in Anoka County park incident identified

News |


Coming soon to St. Paul area: Squad pickups to spot distracted drivers

News |


2 Hennepin County deputies injured in gunfire exchange in Minnetonka

News |


MN Department of Public Safety names director of Murdered and Missing Black Women and Girls Office

North St. Paul’s new police chief is 10-year veteran of department

posted in: Politics | 0

North St. Paul’s new police chief is a 10-year veteran of the department, the city announced Thursday.

Raymond Rozales III, appointed by the city manager, takes over from Phil Baebenroth, whose last day at the department was Friday. Baebenroth returned to his roots at the Ramsey County sheriff’s office, where he became an undersheriff.

Raymond Rozales III (Courtesy of the City of North St. Paul)

Rozales will lead North St. Paul’s department of 21 officers.

He began his career with North St. Paul Police in 2014. Rozales served as patrol officer, detective, sergeant, investigation sergeant, acting police chief and public information officer. He’s also coordinated the field training officer program, been an internal affairs investigator and served as a mentor to law enforcement students.

He received the department’s merit service award last year and this year, and a heart of service award last year.

Rozales earned his master’s degree in criminal justice leadership and bachelor’s degree in criminal justice from Concordia University, St. Paul. He’s completed the Minnesota Chiefs of Police Leadership Academy, and is a member of the International Association of Chiefs of Police, National Latino Police Officer Association and Minnesota Chiefs of Police Association.

Related Articles

Crime & Public Safety |


Nicolae Miu found guilty in Apple River homicide, other stabbings

Crime & Public Safety |


Mother and children who died in Anoka County park incident identified

Crime & Public Safety |


Coming soon to St. Paul area: Squad pickups to spot distracted drivers

Crime & Public Safety |


2 Hennepin County deputies injured in gunfire exchange in Minnetonka

Crime & Public Safety |


MN Department of Public Safety names director of Murdered and Missing Black Women and Girls Office

A mission of mercy, then a fatal strike: How an aid convoy in Gaza became Israel’s target

posted in: Adventure | 0

By JACK JEFFERY, JULIA FRANKEL and WAFAA SHURAFA Associated Press

DEIR AL BALAH, Gaza Strip (AP) — It was hours after sundown when the eight aid trucks drove from the makeshift jetty, cobbled together from tons of wreckage left across Gaza by months of war.

Related Articles


Thomas Friedman: Israel: Cease-fire, get hostages, leave Gaza, rethink everything


An Israeli airstrike in Gaza kills 3 sons and 4 grandchildren of Hamas’ top leader


The Latest | Blinken says Israel hasn’t told US of any specific date for Rafah ground invasion


David French: Israel is making the same mistake America made in Iraq


Palestinians returning to Khan Younis after Israeli withdrawal find an unrecognizable city

The trucks were escorted by three vehicles carrying aid workers from the World Central Kitchen, the relief organization that had arranged the massive food shipment. All seven aid workers wore body armor. The cars were marked, including on the roof, with the group’s emblem, a multicolored frying pan.

After a grueling crawl along a beaten-up road, it seemed like mission accomplished. The convoy dropped off its precious cargo at a warehouse, and the team prepared to head home.

There wasn’t much more than a sliver of moon that night. The roads were dark, except for occasional patches where light spilled from buildings with their own generators.

By a few minutes after 10 p.m., the convoy was moving south on Al Rashid Street, Gaza’s coastal road.

The first missile struck a little more than an hour later.

Soon after, all seven aid workers were dead.

A CRUCIAL EFFORT TO WARD OFF FAMINE

The path to the April 1 attack started months ago, as aid groups desperately looked for ways to feed millions cut off from regular food deliveries. Gaza was sealed off by Israeli forces within hours of the Oct. 7 attack by Hamas terrorists that ignited the war. Since then, more than 33,000 Palestinians have been killed and more than 80% of the enclave’s 2.3 million people displaced. Hamas has been designated as a terrorist organization by the United States, Canada and the European Union.

Hunger has become commonplace. Famine, U.N. officials warn, has become increasingly likely in war-ravaged northern Gaza.

With the situation growing increasingly dire and deliveries through Gaza’s land crossings with Israel and Egypt limited, World Central Kitchen pioneered an effort to deliver aid by sea.

The relief group, founded in 2010 by celebrity chef José Andrés, has worked from Haiti to Ukraine, dispatching teams that can quickly provide meals on a mass scale in conflict zones and after natural disasters. The group prides itself on providing food that fits with local tastes.

Its first ship arrived in mid-March, delivering 200 tons of food, water and other aid in coordination with Israel.

On March 30, three ships and a barge left Cyprus carrying enough rice, pasta, flour, canned vegetables, and other supplies to prepare more than 1 million meals, the group said.

Two days later, some of those supplies were ready to be trucked into the heart of Gaza.

APRIL 1, 10 P.M.

The eight-truck World Central Kitchen convoy turned south after leaving the pier, driving along the coast toward a warehouse about 10 kilometers (6.2 miles) away.

The World Central Kitchen team traveled in two armored cars and a third unarmored vehicle. They included a Palestinian driver and translator, Saifeddin Issam Ayad Abutaha, a young businessman whose mother was hoping to find him a wife; and security consultant Jacob Flickinger, a dual American-Canadian citizen saving to build a house in Costa Rica where he and his girlfriend could raise their 18-month-old son.

There were three British military veterans, an Australian beloved for her big hugs and relentless work ethic, and a Polish volunteer heralded by the group as “builder, plumber, welder, electrician, engineer, boss, confidant, friend, and teammate.”

The team had established a “deconfliction” plan ahead of time with Israeli forces, so the military would know when they would travel and what route they would take.

Aid organizations use complex systems to try to keep their teams safe. Typically, they send an advance plan to COGAT, the Israeli defense agency responsible for Palestinian civilian matters, which then shares it with the Israeli army, said a military official. As deliveries unfold, the aid groups can communicate with the military in real time, said the official, speaking on condition of anonymity in line with army briefing rules.

Workers for World Food Kitchen carry GPS transmitters that track their locations, according to an organization employee who spoke on condition of anonymity because he didn’t have permission to talk to the media.

Many relief workers have expressed concerns about the deconfliction system.

“It hasn’t been working well,” said Chris Skopec, a Washington-based official with the aid group Project Hope, citing poor communication and coordination. “And when it doesn’t work well, people die.”

10:28 P.M.

Things began to go wrong a few miles from the pier.

An Israeli officer, watching from a drone, saw what he thought was a Hamas gunman climb on top of one truck and fire into the air.

Gunmen are a daily part of life in Gaza, which has been run by Hamas since 2007. They could be Hamas fighters, members of Hamas-supervised police or privately employed guards.

Some relief groups hire armed guards, aid officials said, often plain-clothed men who brandish guns or large sticks to beat back hungry Palestinians trying to snatch supplies.

The World Central Kitchen sometimes uses armed guards, the employee said, though it was not clear if they had been employed for the April 1 convoy. The employee and other aid officials insisted their guards were not part of Hamas or its militant ally, Palestinian Islamic Jihad, but did not elaborate on the guards’ affiliation. Despite such denials, it is unlikely anyone riding on top of an aid truck wouldn’t have at least tacit permission from Hamas.

Israeli military spokesperson Maj. Nir Dinar said soldiers try to distinguish between armed security guards and Hamas fighters when determining targets. He said he could not rule out the possibility that the armed men accompanying the World Central Kitchen convoy were security guards.

10:46 P.M.

In grainy aerial footage that the Israeli military showed to journalists, people swarmed around the convoy when it arrived at a World Central Kitchen warehouse in the city of Deir Al-Balah. The military said two to four of the men were armed, though that was not clear in the aerial footage shown to journalists.

10:55 P.M.

The trucks remained at the warehouse but the three World Central Kitchen vehicles began driving south to take the workers to their accommodations. Another vehicle that had joined the convoy – which the Israelis say held gunmen – drove north toward another warehouse.

Planning messages sent by World Central Kitchen had made clear that the aid workers would not remain with the trucks but would travel on by car.

But Israeli officials say the soldiers monitoring the convoy had not read the messages. Then, an Israeli officer believed he saw someone step into a World Central Kitchen vehicle with a gun.

“The state of mind at that time was the humanitarian mission had ended and that they were tracking Hamas vehicles with at least one suspected gunman,” said retired Gen. Yoav Har-Evan, who led the military’s investigation into the strike.

Because of the darkness, Israeli officials said the World Central Kitchen emblems on the cars’ roofs were not visible.

FILE – People inspect the site where World Central Kitchen workers were killed in Deir al-Balah, Gaza Strip, April 2, 2024. World Central Kitchen and a few other aid groups suspended operations in Gaza, after seven aid workers were killed by airstrikes. Yet despite the danger, many of the largest organizations barely slowed down. Hunger has become commonplace in Gaza amid the war with Israel, and U.N. officials warn that famine is increasingly likely in northern Gaza. (AP Photo/Abdel Kareem Hana, File)

11:09 P.M.

The first missile struck one of the armored cars as it drove along the coastal road. Aid workers fled the damaged vehicle for the other armored car, which Israel struck two minutes later.

The survivors piled into the third vehicle. It, too, was soon hit.

Abdel Razzaq Abutaha, the brother of the slain driver, said other aid workers called him after the blasts, telling him to check on his brother.

He repeatedly called his brother’s phone. Eventually a man answered, and said he’d found the phone around 200 meters (656 feet) from one of the bombed-out cars.

“Everyone in the car was killed,” the man told Abdel Razzaq.

Abdel Razzaq had believed his brother’s work would be safe.

“It is an American international institution with top coordination,” he said. “What is there to fear?”

FILE – Friends and residents gather to place candles and flowers in honor of Damian Soból, a Polish food aid worker who was killed with six other World Central Kirchen workers by Israeli airstrike in Gaza this week, in Soból’s hometown of Przemysl, in southeastern Poland, on Thursday, April 4, 2024. World Central Kitchen and a few other aid groups suspended operations in Gaza, after seven aid workers were killed by airstrikes. Yet despite the danger, many of the largest organizations barely slowed down. Hunger has become commonplace in Gaza amid the war with Israel, and U.N. officials warn that famine is increasingly likely in northern Gaza. (AP Photo, File)

THE AFTERMATH

When the sun rose the next morning, the burned husks of the three vehicles were spread along a mile or so of Al Rashid Street.

Israel quickly admitted it had mistakenly killed the aid workers, and launched an investigation.

“It’s a tragedy,” military spokesman Rear Adm. Daniel Hagari told reporters. “It shouldn’t have happened. And we will make sure that it won’t happen again.”

On Friday, Israel said it had dismissed two officers and reprimanded three more for their roles, saying they had mishandled critical information and violated the army’s rules of engagement, which require multiple reasons to identify a target.

In the wake of the deadly strike, Israel and COGAT have set up a special “war room” where COGAT and military officials sit together to streamline the coordination process.

Israel’s promises have done little to quiet growing international anger over its offensive.

More than 200 aid workers have been killed in Gaza since the war began, including at least 30 killed in the line of duty, according to the U.N. Many aid workers noted the convoy strike stood out only because six of those killed were not Palestinian.

Aid workers are, in many ways, a hard community to define. Some are experts who earn a good living traveling from disaster to disaster. Some are volunteers looking for a way to do some good. Some are driven by ambition, others by faith.

In Gaza, though, everyone understood the risks.

John Flickinger’s son Jacob, a Canadian military veteran, was a member of the convoy’s security team.

“He volunteered to go into Gaza, and he was pretty clear-eyed,” Flickinger told the AP. “We discussed it, that it was a chaotic situation.”

FILE – An ambulance carrying bodies of the foreign humanitarian aid workers killed in a recent Israeli airstrike in Gaza crosses the Rafah border crossing between Egypt and the Gaza Strip, Wednesday, April 3, 2024. World Central Kitchen and a few other aid groups suspended operations in Gaza, after seven aid workers were killed by airstrikes. Yet despite the danger, many of the largest organizations barely slowed down. Hunger has become commonplace in Gaza amid the war with Israel, and U.N. officials warn that famine is increasingly likely in northern Gaza. (AP Photo/Ahmed Abudraa, File)

While World Central Kitchen and a few other aid groups suspended operations in Gaza after the attacks, many of the largest organizations, including Doctors Without Borders and Oxfam International, barely slowed down.

The convoy strike “wasn’t outside of things that we could have predicted, unfortunately,” said Ruth James, a UK-based Oxfam regional humanitarian coordinator. Except for one cancelled trip, Oxfam staff simply kept working.

“What keeps them going?” she asked. “I can only guess.”

Jeffery and Frankel reported from Jerusalem. Associated Press writers Tim Sullivan contributed from Minneapolis; James Pollard from New York; and Stephany Matat from West Palm Beach, Florida.