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Borrowers who do not have eligible loans will need to apply for consolidation no later than May 1, 2023, to ensure they benefit from the one-time account adjustment.”
Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government and many lenders. If you can’t cover tuition solely ...
The Biden administration's announcement to extend the moratorium on federal student loan payments until Sept. 1 gives borrowers a few more months of breathing room before they have to resume ...
Federal Perkins Loan (Perkins Loan) Program: This is a school-based loan program for eligible students with exceptional financial need. Students may qualify for a Perkins Loan of up to $8,000 each year depending on financial need, the amount of other aid received, and the availability of funds at the school.
President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, on April 8. - Andrew Caballero-Reynolds/AFP/Getty Images/File
Loans discharged that were not the result of long-term public service employment constitute taxable income. Student loan borrowers may have their existing federal student loan debt removed if they can prove that their school misled them. The program is called Borrower Defense to Repayment or Borrower Defense. [74]
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