CCCS of Buffalo - Dare to be Debt Free

  The Application for the one time Federal Student Loan Debt Relief is open to Federal Student Loan Borrowers! Visit  https://studentaid.gov/debt-relief/application   to fill out the quick simple form today. You don't need your FSA ID log in. You will simply fill out your contact information, date of birth and social security number. What Is Federal Student Loan Debt Relief? It’s a program that provides eligible borrowers with full or partial discharge of loans up to $20,000 to Federal Pell Grant recipients and up to $10,000 to non-Pell Grant recipients. Who Qualifies? Individuals who made less than $125,000 in 2021 or 2020 Families that made less than $250,000 in 2021 or 2020 If you filed federal taxes, your income requirements are based on your adjusted gross income (AGI), which tends to be lower than your total income. Your AGI can be found on line 11 of the IRS Form 1040. How It Works Apply today (but no later than Dec. 31, 2023). We’ll determine your eligibility and will conta

CCCS Announces Major Updates to New Student Loan Forgiveness Program CCCS Operates the Only Local Student Loan Counseling Program Available in WNY Region Consumer Credit Counseling Service (CCCS) today announced more updates in the world of Student Loans and Loan Forgiveness. Last month, CCCS detailed major, long awaited changes to student loan forgiveness, the most important of which was: For those earning less than $125,000 a year—or couples with incomes under $250,000--up to $10,000 in federal student loan debt will be forgiven . If individuals used Pell grants to attend college (which are reserved for students with greatest financial need), up to $20,000 in federal student loan debt will be forgiven.  This came on the heels of the overhaul of the Public Service Loan Forgiveness ( PSLF ) Program, where significant changes enabled hundreds of thousands of loan recipients to access loan forgiveness.   Launched in 2007, the PSLF was designed to encourage colleg