You may be wondering where things stand with the student loan forgiveness application. The U.S. Department of Education promised student loan borrowers that it would open by early October. But so far...things are complicated, to say the least. The Biden administration faces at least four lawsuits from conservative groups across several states. A federal judge will hear arguments on one of them next week and decide whether to pause the relief. Either way, the Department of Education said in a court filing that NO borrowers will have their loans forgiven before October 17. Meanwhile, the White House says borrowers can still expect the application for student loan forgiveness to open sometime in October. Most borrowers will need to fill out an application to see if they meet the income limits to qualify — the income limit is $125,000 for single borrowers, and $250,000 for married borrowers. Want to learn more about how you can prepare for the application or not sure if you qualify? Stay connected through our weekly newsletter, where senior reporter Alex Gailey unpacks trends, news, and ideas about money every Tuesday. For tomorrow’s issue, she’ll dive into what’s going on lately with Biden’s student loan forgiveness plan and how you can use this time to prepare and stay informed about the process. Subscribe with the link in bio! #financialindependence #fire #moneymoves #nextadvisor #investing #personalfinance #stockmarket #cryptocurrency #savings #savingsfund #housingmarket #homeprices #mortgage #savingsaccount #financialliteracy #financialeducation #ibonds #investment #moneytips #personalfinancetips #homebuyer #sidehustle #sidehustletips #sidehustleideas #creditcards #firemovement #trading #stocks #moneynews #financenews