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For federal student loan debt, the government can even seize your social security payments and your tax refund,” he adds. But falling behind on student loan payments is just the tip of the iceberg.
In addition to increasing the maximum Pell Grant award and reducing interest rates on subsidized student loans, a new "income-based repayment" option capped loan repayment at 15% of an individual's discretionary income, while a Public Service Loan Forgiveness promised that some borrowers could forgive student loan balances after ten years of ...
The FAFSA application period for the 2022-23 school year opened Oct. 1, 2021. The federal FAFSA deadline for this school year is June 30, 2023. “That deadline isn’t until next year!” you say ...
A new report by the Government Accountability Office (GAO) looked into income-driven repayment (IDR) plans and found that as of June 1, 2021, around 7,700 student loans were due to be forgiven ...
That could complicate restarting their monthly payments. Around 44% of federal student loan borrowers who begin repayment in October have a new loan service provider, according to the Consumer ...
In the Biden administration's latest act of student loan forgiveness, ... of certain state laws," according to the ED's Federal Student Aid ... number of debt relief under borrower defense rules ...
Conduent Education Services, formerly ACS Education Services, was a company that serviced private, campus-based and federal student loans. It closed on Sept. 1, 2019, and transferred its loans to ...
However, FedLoan stopped servicing federal student loans after December 2022 and the Department of Education then transferred the loans it was servicing to Nelnet, Edfinancial, Aidvantage or MOHELA.
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