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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 ...
President Biden's sweeping promise of loan forgiveness papered over some of the complexities of the financial aid system. Here's some help figuring out which of your loans may be eligible.
The Biden-Harris Administration recently created a new debt relief plan using the 1965 Higher Education Act (HEA), which outlines several federal financial aid programs. Under the new proposal ...
Forbes reported that when the adjustment was announced in April, the guidance said borrowers could start receiving student loan forgiveness by the fall of 2022, and all others should receive their ...
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 ...
In March 2020, the CARES Act passed by Congress included a pause on federal student loans repayments and interest until September 30, 2020. [8] On August 8, 2020, the Trump administration issued a memorandum instructing the Secretary of Education to pause on student loan payments and interest through December 31, 2020 using the authority ...