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The Biden-Harris administration today announced its next step toward a round of student debt relief planned for this fall. If the plan is approved and implemented, 25 million federal student loan ...
July 31, 2024 at 5:08 AM. Federal student loan borrowers should start digging for a new email to be sent out beginning Wednesday by the U.S. Department of Education regarding the next step toward ...
On July 14, the Biden administration announced it would automatically cancel $39 billion of debt for 804,000 student loan borrowers in the coming weeks. This follows the June 30 Supreme Court 6-3...
The Higher Education Loan Authority of the State of Missouri, also known as the Missouri Higher Education Loan Authority or MOHELA is one of the largest holders and servicers of student loans in the United States. Its headquarters are in St. Louis, Missouri . Created in 1981 as a quasi-governmental entity, MOHELA participated in the Federal ...
The loans will still be held by a student loan servicer. But MOHELA will no longer be the only servicer handling the loans of borrowers enrolled in PSLF. An estimated 1 million borrowers could ...
Many borrowers reported their student loans have been forgiven or are closer to being forgiven and are breathing a sigh of relief. Seriously, I’ve never seen so many smiley-face emojis and ...
Under the plan, up to $10,000 in federal student debt relief may be offered to borrowers whose income in 2020 or 2021 was less than $125,000 (or $250,000 for households). That figure rises to up ...
Who qualifies for $20,000 in student loan debt forgiveness? Borrowers who received Pell Grants and make less than $125,000 as individuals or less than $250,000 as married couples are eligible to ...