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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 ...
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 ...
Income-Driven Repayment (IDR) Account Adjustments. To reflect borrowers’ payment counts more accurately, the Biden administration announced the Income-Driven Repayment (IDR) Account Adjustment ...
The adjustment to student loan accounts would go toward helping borrowers get closer to forgiveness under income-driven repayment plans, which offer cancellation after 20 or 25 years depending on ...
These payment adjustments seek to “address historical failures in administering student loans,” according to Homeroom, the official blog of the U.S. Department of Education. This program ...
Those plans provide student loan forgiveness for borrowers who have made monthly payments for at least 20 years. The 8th Circuit Court denied the government’s request to clarify what exactly is ...