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Ronda Lee. July 14, 2023 at 10:54 AM. On Friday, the Department of Education announced that it will begin discharging student loan debts for borrowers who’ve been in repayment for 20-25 years ...
In April 2022, the Education Department announced the one-time payment adjustment for all Direct Loans and federally owned Federal Family Education Loans (FFELs). The adjustment to student loan ...
What is the timeline for the one-time payment adjustment? In February, Education Department stated that borrowers with 240 or 300 months of payments or 120 months toward Public Service Loan ...
April 30, 2024 at 9:32 AM. NEW YORK (AP) — Borrowers with some types of federal student loans have until today to consolidate their loans to qualify for full student loan cancellation or credit ...
The U.S. Department of Education is undertaking a student loan payment count adjustment that could result in additional time put toward your payment timeline as well as actual student loan ...
In 2022, the Department of Education announced a one-time payment adjustment that will count certain months toward student loan forgiveness for borrowers with an income-driven repayment (IDR) plan.
The Federal Family Education Loan ( FFEL) Program was a system of private student loans which were subsidized and guaranteed by the United States federal government. The program issued loans from 1965 until it was ended in 2010. Similar loans are now provided under the Federal Direct Student Loan Program, which are federal loans issued directly ...
About 43 million federal student loan borrowers will soon have to resume payments following a three-and-a-half year payment pause that began during the COVID-19 pandemic. Nearly half could fall so ...