You probably heard about this. However, a lot of people that paid of their loans or refinanced are upset.... but...
The department of education announced this week that those that made payments since March 2020 get a refund.This opens up a loophole!
The government doesn't know if you paid off your Federal loans from your bank account or if you paid them off by refinancing. Therefore....
If you refinanced from a Federal student loan to a private student loan after March 2020 & your Federal loan balance is $0, you can get a $10k or $20k refund!
The student loan forgiveness form will be available starting in the middle of October.