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In April 2022, the Department of Education announced updates that “will bring borrowers closer to forgiveness under income-driven repayment (IDR) plans,” including a one-time adjustment of IDR ...
The temporary adjustment allows eligible loan borrowers to use past periods of repayment (and even some periods of deferment and forbearance) toward their 20-year and 25-year IDR loan forgiveness ...
While the Supreme Court struck down President Joe Biden’s student loan forgiveness program in late June, a separate and significant change to the federal student loan system is moving ahead.
Who qualifies for $20,000 in student loan debt forgiveness? Borrowers who received Pell Grants and make less than $125,000 as individuals or less than $250,000 as married couples are eligible to ...
Even though the U.S. Supreme Court struck down President Biden's proposal for student loan forgiveness, more than 43 million Americans with student loan debt could still benefit from a different,...
The U.S. Education Department updated the student loan forgiveness process for some borrowers who work in public service, including teachers, police officers and social workers. This change, which ...
The PSLF Program forgives the remaining balance on Direct Loans after borrowers have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying ...
President Joe Biden announced the much-anticipated administration's plan for loan forgiveness on Aug. 24. But while the plan was mostly widely lauded, details were scarce, until now. Inflation ...