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When you submit a Student Loan Debt Relief application, you will receive an email confirmation. Keep in mind you will not be able to see the status of your application through your StudentAid.gov ...
Now that the more than three-year COVID-19 student loan payment pause has come to an end, 28 million borrowers have entered repayment since Oct. 1, 2023. With this massive transition from a full...
The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [1]
With the Federal Reserve reporting that the median student loan balance ranges from $20,000 and $24,999, you can understand why that may be hard for people to pay off.
The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s (ED) central database for Federal Student Aid. [1] NSLDS receives data from schools, guaranty agencies, the Direct Loan program , and other ED programs.
Defaulting on a loan happens when repayments are not made for a certain period of time as defined in the loan's terms of agreement, typically a promissory note. For federal student loans, default requires non-payment for a period of 270 days. For private student loans, default generally occurs after 120 days of non-payment. [1]
Some checks are starting to be sent to certain student loan borrowers even though, as result of a court order, the Biden administration is temporarily blocked from processing debt discharges. SNAP ...
More than 40 million borrowers are eligible for student debt relief, while nearly 20 million borrowers could have their entire remaining balance forgiven, according to White House projections.