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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 ...
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 ...
A boomer got $182,000 in student loans forgiven — plus a $1,800 refund. He can finally save for retirement and enjoy a spa day with his wife.
As of May 2024, The Biden-Harris Administration has provided $153 billion in debt relief to nearly 4.3 million student loan borrowers. In the summer of 2023, the Supreme Court ruled to strike down ...
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 latest discharges include $3.2 billion for 43,900 borrowers using the public service loan forgiveness program and waiver, and $1.7 billion for 29,700 borrowers under the one-time payment ...
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