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There were around 7.5 million federal student loan borrowers in default, the Education Department said in 2022, when it launched its mulligan program. That grim figure led to comparisons with the ...
Those who stay current on their payments have all the remaining debt canceled after 10 years if they're in the Public Service Loan Forgiveness program; otherwise, those in income-based plans would ...
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 ...
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 ...
The government this month extended the deadline for consolidating commercially-held FFEL, Perkins, or Health Education Assistance Loan (HEAL) with Federal Student Aid to become eligible for the ...
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 ...
Borrowers with some types of federal student loans have until today to consolidate their loans to qualify for full student loan cancellation or credit toward cancellation. The Education Department ...
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 ...