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Programs like Public Service Loan Forgiveness (PSLF) and income-driven repayments plans that help students discharge their loans more quickly could be at risk of "going away," he says.
Even if that department goes away completely, it's unlikely that you won't have to pay your student loans back. If you took out federal student loans, chances are, you're now working with a loan ...
In the meantime, Townsend recommended current and future student loan borrowers spend loan money only on the essentials, consider less expensive higher education options, and borrow as little ...
In 2021, student loan servicers began dropping out of the federal student loan business, including FedLoan Servicing on July 8, Granite State Management and Resources on July 20, and Navient on September 28. [40] According to Sallie Mae, as of 2021, 1 in 8 families are using private student loans when federal financing does not cover all ...
With the Trump administration looking for ways to close parts or all of the U.S. Department of Education, many of the country’s 42 million federal student loan borrowers are likely feeling on ...
Shahnazari predicts that there will be other changes including: “[The] potential privatization of student loan servicing, moving away from federal management, stricter eligibility requirements ...