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Since the start of the COVID-19 pandemic, student loan borrowers have faced a series of ever-changing rules, false starts on loan forgiveness and confusion. Payments were paused during the ...
The White House said Friday it approved another $4.28 billion in student debt cancellation for 54,900 additional public service workers in what could be one of the Biden Administration's final act ...
The uncertainty surrounding student loan forgiveness, including law suits in six states and a "stay" granted by the 8th U.S. Circuit Court of Appeals concerning the Biden administration's loan...
Student loan forgiveness is up in the air heading into 2025. Learn More: Experts Say To Do These 5 Things for Your Student Loans During Election Year. Try It: Do Your Student Loans Affect Your Credit?
How much is the loan forgiveness, and what are the limits? The administration announced Wednesday that it would forgive up to $10,000 in federal student loan debt — that is, erase it from the books.
In an updated guidance in October 2022, the Department “maintained that borrowers who cross the 20 or 25-year threshold following the account adjustment would start receiving student loan ...
Borrowers whose adjusted payment counts push them over the 20-year (for most undergraduate loans) or 25-year (for graduate loans) thresholds will automatically have their remaining debt forgiven.
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 ...