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On Friday, the Department of Education announced that it will begin discharging student loan debts for borrowers who’ve been in repayment for 20-25 years under a one-time payment adjustment ...
For borrowers in default, Dec. 31 is also the deadline to enroll in the Fresh Start program to get in good standing to be eligible for the one-time payment adjustment and to qualify for an income ...
This one-time adjustment is meant to show a more accurate payment count for student loan borrowers. ... The deadline to consolidate your loans is Tuesday. ... The Education Department is currently ...
Student loan borrowers now have a bit of breathing room. The Biden administration recently extended the student loan repayment pause to August 31, 2022 from the original deadline set to expire May ...
Now that the more than three-year COVID-19 student loan payment pause has come to an end, 28 million borrowers have entered repayment since Oct. 1, 2023. With this massive transition from a full...
The Federal Student Aid (FSA) website was updated this month to state that borrowers with 20 years (240 months) of payments for undergraduate debt or 25 years (300 months) of payments for graduate ...
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 ...
Borrowers have until midnight to consolidate student loans into one loan with a fixed interest rate to be eligible for a one-time payment adjustment.