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Ronda Lee. July 14, 2023 at 1:54 PM. 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 ...
The adjustment to student loan accounts would go toward helping borrowers get closer to discharge under income-driven repayment plans, which offer discharge after 20 or 25 years of repayment ...
In an updated guidance in October 2022, the Department “maintained that borrowers who cross the 20 or 25-year threshold following the account adjustment would start receiving student loan ...
Borrowers who have been in repayment for 20 or 25 years should see the adjustment to their accounts by August 1, 2023. Other borrowers will see the adjustment in 2024. New income-driven repayment plan
The adjustment to student loan accounts would go toward helping borrowers get closer to forgiveness under income-driven repayment plans, which offer cancellation after 20 or 25 years, depending on ...
If you have federal student loans serviced by Aspire, log into your Federal Student Aid account at studentaid.gov — the Loan Simulator tool can help you choose a repayment plan. There are eight ...
Student loan payments are resuming soon. And while over three years of paused payments have helped relieve borrower's wallets, the lifting of the student loan moratorium will present a challenge to...
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.
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