Search results
Results From The WOW.Com Content Network
President Biden, Vice President Harris, and the U.S. Department of Education have announced a three-part plan to help working and middle-class federal student loan borrowers transition back to regular payment as pandemic-related support expires. This plan includes loan forgiveness of up to $20,000.
If you’d like to repay your federal student loans under an income-driven plan, you need to fill out an application. Apply today at StudentAid.gov/idr. Due to the payment count adjustment, past periods of repayment, deferment, and forbearance might now count toward your IDR forgiveness.
Student Loan Debt Relief. The Supreme Court issued a decision blocking us from moving forward with our one-time student debt relief plan. Visit StudentAid.gov/debtrelief to learn more about the actions President Biden announced following the decision and find out how this decision impacts you.
Your current balance on an unconsolidated Direct Loan, ED-held Federal Family Education Loan (FFEL) Program loan*, or ED-held Perkins loan* is greater than the balance of that loan when it entered repayment.
application for loan forgiveness to determine whether I qualify for PSLF or TEPSLF, and discharge any qualifying loans that I have, and (2) if none of my loans qualify for PSLF or TEPSLF forgiveness when I submit this form, determine how many qualifying payments I have made toward PSLF and TEPSLF.
The PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
Watch the Saving on a Valuable Educations (SAVE) Plan—The New Income-Driven Repayment Plan video for an explanation of how the government interest subsidy helps with your student loan repayment.
What Happens Next. If you use Fresh Start to get out of default, here’s what will happen: We’ll transfer your defaulted loans from the Default Resolution Group (or from a guaranty agency) to a loan servicer. We’ll return your defaulted loans to “in repayment” status.
Teachers with federal student loans have four loan forgiveness program options: Public Service Loan Forgiveness, Teacher Loan Forgiveness, Perkins Loan cancellation for teachers, and state-sponsored student loan forgiveness programs.
Borrowers can now apply for income-driven repayment (IDR) plans electronically rather than needing to upload an application to our website. Please visit StudentAid.gov/IDR to submit your application. If you already submitted an application through our portal you do not need to apply again.