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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 ...
Borrowers whose adjusted payment counts push them over the 20-year (for most undergraduate loans) or 25-year (for graduate loans) thresholds will automatically have their remaining debt forgiven.
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 enacted, the new REPAYE legislation would enable many borrowers with original federal student loans of $12,000 the opportunity to pay it off after 10 years. Leftover debt after 20 years of ...
It will also cancel $1.7 billion in debt held by 29,700 borrowers who have been in repayment for at least 20 years but never got the relief they earned through income-driven repayment plans ...
No borrower making less than 225% of the federal poverty level will have to make a monthly payment. Loan balances will be forgiven after 10 years of payments — instead of 20 years — if the ...
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