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  2. Student loans and bankruptcy: What you need to know - AOL

    www.aol.com/finance/student-loans-bankruptcy...

    If you only have federal student loans, income-driven repayment plans let you pay a percentage of your discretionary income for 20 to 25 years before forgiving your remaining loan balances ...

  3. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    In addition, since federal student loans do not limit the amount a lender can borrow, this has allowed public as well as private colleges to increase their tuitions. [47] In February 2023, the U.S. Supreme Court heard oral arguments in Biden v. Nebraska concerning President Biden's order to cancel student loan debt for an estimated 40 million ...

  4. Student loan statute of limitations: What to know about your ...

    www.aol.com/finance/student-loan-statute...

    Key takeaways. The statute of limitations for debt collection governs how long a creditor can sue you for unpaid debt. There is no statute of limitations for federal student loans. For private ...

  5. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]

  6. What is a 1099-C Cancellation of Debt form? - AOL

    www.aol.com/finance/1099-c-cancellation-debt...

    In most cases, you must report canceled debt as ordinary income on your federal tax return — even if the debt was less than $600 and you never received a Form 1099-C. List your canceled debt on ...

  7. Biden administration discharges another $9 billion in student ...

    www.aol.com/finance/biden-administration...

    The total discharged debt includes $51 billion for 715,000 borrowers through the public service loan forgiveness ; $11.7 billion for permanent disability discharges for more than 513,000 borrowers ...

  8. Navient - Wikipedia

    en.wikipedia.org/wiki/Navient

    navient .com. Navient Corporation is an American student loan servicer based in Wilmington, Delaware. Managing nearly $300 billion in student loans for more than 12 million debtors, the company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient. Navient employs 6,000 people at offices across ...

  9. Student Loan Forgiveness FAQs: Everything You Need to Know - AOL

    www.aol.com/finance/student-loan-forgiveness...

    If you have defaulted federal student loans, you can make payment arrangements by visiting myeddebt.ed.gov, contacting your loan holder or calling the Default Resolution Group at 1-800-621-3115.

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