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Student Loan Forgiveness Under SAVE and Other IDR Plans Borrowers who are hoping for loan forgiveness through SAVE or older IDR plans, including Income-Contingent Repayment and Pay As You Earn ...
Among several recent proposed changes the Education Department has announced, it has updated the timeline for student loan borrowers seeking forgiveness under a one-time account adjustment ...
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 ...
Total student loan debt, currently $1.76 trillion, continues to climb as a number of borrowers do not have access to debt relief, according to the Education Data Initiative. Notably, 47.9 million ...
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 April 2022, the Department of Education announced updates that “will bring borrowers closer to forgiveness under income-driven repayment (IDR) plans,” including a one-time adjustment of IDR ...