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Select private student loan borrowers may be eligible for student loan forgiveness through former servicer Navient. ... The Biden-Harris administration announced another round of federal debt ...
Borrowers eligible for debt cancellation must have taken out private subprime student loans through Sallie Mae between 2002 and 2014, then had more than seven straight months of delinquent payments.
When 86-year-old Rebecca Finch received a letter from loan servicer Navient stating that her $31,730.76 private student loan balance was forgiven, it was a huge relief.. Finch cosigned a student ...
The agreement, if approved by a judge, cancels $1.7 billion in private loan debt owed by more than 66,000 borrowers across the U.S. and distributes a total of $95 million in restitution payments ...
In August 2022, the administration used the Act again to announce student debt cancellation of up to $20,000 and several other reforms. [7] [16] Following litigation brought by several Republican-led state governments, the Supreme Court ruled in Biden v. Nebraska (2023) that the statute did not permit the administration's debt forgiveness ...
The report by the Student Borrower Protection Center is the first estimate of how much private student loan debt may be dischargeable in bankruptcy. The report by the Student Borrower Protection ...
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