Forgiving student loan debt for $10,000 or $50,000? What to know right now

Ruben Onsu

The gift of student loan debt forgiveness may be coming.


Sarah Tew/CNET

Washington is taking multiple paths to help individuals and families through the pandemic, from $1,400 stimulus checks, and $300 supplemental unemployment checks to health care savings and the revised child tax credit that will bring families thousands of dollars (calculate your total here). Students are the next group that could receive help from President Joe Biden or Congress through forgiveness of student loan debt.

For students, loan debt in the US is at $1.71 trillion, which makes it second in consumer debt behind home

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SoFi Student Loan Refinancing Review

Ruben Onsu

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

When you refinance your student loans you can consolidate all your loan payments into one with a lower interest rate — which can make your loan repayment both cheaper and easier. The refinancing process also allows borrowers to choose a new loan term. Whether you choose to shorten or lengthen your repayment term depends on your financial situation and how fast you want to pay

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Parkview Health granted $1.1M PPP loan… but officials say they never sought it

Ruben Onsu

FORT WAYNE, Ind. (WPTA21) – As the region’s largest private employer, Parkview Health has a payroll of more than 13,000 full- or part-time workers.

By all accounts, it is a major economic driver in the community, and any serious financial problems within Parkview would have a ripple effect across Allen County and the dozen or so counties that surround it.

So when ABC21 reviewed newly released data from the federal Paycheck Protection Program, “Parkview Health System” was a name that jumped off the page.

The nonprofit health care giant — approved for a $1.14 million loan.

We first identified Parkview

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Four reasons to apply for a PPP loan ASAP

Ruben Onsu

Congress may have extended the Paycheck Protection Program through May, but with only $68 billion left in its coffers, the PPP may sunset well before then. Here are four reasons to apply for funds as soon as possible, according to Inc. magazine

1. Funds could run out soon. During a March 24 Senate hearing on the efficacy of COVID-19 relief initiatives, Patrick Kelley of the Small Business Administration’s Office of Capital Access noted that the PPP program could exhaust its funding as early as mid-April.

2. You can apply for a second-draw loan without waiting. The SBA recently ruled

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Skowhegan man charged with using PPP loan for a barber pole light, church donation

Ruben Onsu

A Skowhegan man has been charged with criminal fraud in a case involving four alleged attempts to personally cash in on the federal Paycheck Protection Program, which provides forgivable loans to struggling small businesses.

According to a criminal complaint filed Thursday in U.S. District Court in Bangor, Nathan Reardon submitted false information to apply for four such loans, each totaling about $59,000, between April 3 and May 5, 2020. Only one of the loans was granted, and Reardon subsequently applied to have it forgiven after using a majority of the funds on personal expenses. He is being charged with bank

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Here are today’s mortgage rates on April 9, 2021: Rates decreased

Ruben Onsu

Justin Sullivan/Getty Images

A number of important mortgage rates trended lower today. Fifteen-year fixed and 30-year fixed mortgage rates both decreased. We also saw a shrinking in the average rate of 5/1 adjustable-rate mortgages. Although mortgage rates are dynamic, they are at a historic low. For those looking to get a fixed rate, now is an excellent time to buy a house. But as always, make sure to think about your personal goals and circumstances first before buying a house, and shop around to find a lender who can best meet your needs.

Check out mortgage rates that meet your

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