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Under the new rule, loan balances will be forgiven after 10 years of payments, instead of the current 20 years under many income-driven repayment plans, for borrowers with original loan balances ...
“I felt free, like a huge barrier had been lifted, like I stepped off an ever-spinning hamster wheel,” she told Yahoo News, days after learning that her $108,000 debt was forgiven.
President Biden announced another sweeping federal student loan forgiveness policy, wiping out $5.8 billion in debt for 77,700 borrowers. ... Today, total relief through PSLF now equals $62.5 ...
The delay could mean that federal student borrowers might have to resume payments in January 2023 — when the current repayment pause expires — without the loan forgiveness they applied for.
The Biden administration has approved debt relief for an additional 125,000 student loan borrowers, totaling $9 billion in forgiveness, the White House said Wednesday.
Through this initiative, past loan periods will count toward 20- or 25-year student loan forgiveness terms under income-driven repayment (IDR) plans. This includes borrowers who haven’t been ...
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