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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.
Additionally, the Education Department currently expects that the payment count adjustment will be completed by July 1, 2024, at which time the adjustment will be applied to those who have ...
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 ...
Borrowers who apply by that date and are approved will have their prior eligible payments counted toward the 120-payment goal. This one-time payment count adjustment should be completed by ...
The ICR Plan has the fewest eligibility requirements. A borrower is only required to have an eligible loan. [2] The IBR and Pay As You Earn Plans require that the borrower demonstrate a "need" to make income-driven payments and have eligible loans. [2] The Pay As You Earn Plan is limited to those who borrowed recently.
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 under a one-time payment adjustment ...
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