News & Resources: November 2022
Here’s your monthly, curated list of resources for November! We’ll be sure to update it throughout the month.
November 21, 2022 Student Loan Forgiveness Update
What’s Happening to Student Loan Forgiveness?
As you may have read in the news, a federal judge has blocked the White House’s student loan forgiveness program. Since then, the Department of Education has taken down the student loan relief application from its website. However, many lawmakers and advocates alike are still pushing for student loan forgiveness in some way.
What Should I Know?
There’s talk of potentially extending the current student loan payment pause, but nothing is set in stone. And as of the writing of this update, federal student loan payments are set to resume in January 2023. Keep in mind that this also means the interest on these loans will start accruing (the interest rate for federal student loans is currently 0%).
In the meantime, we’ll be watching the news closely to see what happens next with student loan forgiveness.
- Did you vote this year? Election Day may have been yesterday, but as we await the results of the midterm elections, we want to take a moment to reflect on what voting means. Watch our recap as we chat with voting and advocacy experts, and hear from SaverLife members as well!
- Need help paying your heating or energy bills this winter? The Biden Administration is sending $13.5 billion to help families with their energy bills. so if you need help staying warm this winter, visit ➡ http://energyhelp.us.
- Here’s a breakdown: $4.5B will go toward Low-Income Home Energy Assistance Program (LIHEAP) funding, and $9B will come from “the Inflation Reduction Act to support up to 1.6 million households in upgrading their homes to lower energy bills” (Reuters).
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