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The adjustment to student loan accounts would go toward helping borrowers get closer to discharge under income-driven repayment plans, which offer discharge after 20 or 25 years of repayment ...
Even though borrowers have until Dec. 31, 2023, to apply for student loan forgiveness, many are not waiting to start the application process. By applying now, borrowers who received Federal Pell...
If you are unsure who services your loan, or if the servicer changed during the pandemic, visit your student aid account dashboard and scroll to “my loan servicers” or call 1-800-433-3243.
Some checks are starting to be sent to certain student loan borrowers even though, as result of a court order, the Biden administration is temporarily blocked from processing debt discharges. SNAP ...
More than 200,000 borrowers who were misled by colleges will have loans discharged.
Defaulting on a loan happens when repayments are not made for a certain period of time as defined in the loan's terms of agreement, typically a promissory note. For federal student loans, default requires non-payment for a period of 270 days. For private student loans, default generally occurs after 120 days of non-payment. [1]
If you've been paying back student loans for years, or even decades, you may have questions about loan forgiveness. ... to your loan servicer and request a refund for payments made since March 13 ...
Closed school discharge: If your school closed while you were attending (or soon after you withdrew), you may qualify to have your federal student loans discharged.