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Student loan borrowers may have their existing federal student loan debt removed if they can prove that their school misled them. ... For independent undergraduates ...
Specifically, the borrower must be a "new borrower" as of October 1, 2007, and have received a disbursement of a Direct Loan on or after October 1, 2011. A borrower is a "new borrower" if, when receiving a federal student loan on or after October 1, 2007, the borrower did not have an outstanding balance on another federal student loan. [2]
A private student loan is a financing option for higher education in the United States that can supplement, but should not replace, federal loans, such as Stafford loans, Perkins loans and PLUS loans. Private loans, which are heavily advertised, do not have the forbearance and deferral options available with federal loans (which are never ...
When student loan borrowers began applying for loan forgiveness 10 years after the program went into effect, most were denied relief. The White House said it made administrative fixes that ...
Source: U.S. Department of Education Student loan debt by state. The three states with the lowest outstanding student debt per borrower are: North Dakota $29,312. Alaska $35,346
Student loan forgiveness has become a hot-button issue ever since President Joe Biden promised it on the campaign trail in 2020. While broad student loan forgiveness was struck down by the Supreme...
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