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Even though borrowers have until Dec. 31, 2023, to apply for student loan forgiveness, many are not waiting to start the application process. By applying now, borrowers who received Federal Pell...
While campaigning during the run-up to the 2020 presidential election, President Joe Biden pledged to cancel $10,000 worth of student loan debt per borrower. See: Will Student Loan Forgiveness ...
When you think about getting a student loan, you might not consider going through a bank. As of 2024, only 8.84% of student loan debt belongs to private lenders, while the rest is federal. However,...
Private student loans: There’s no national database for private student loans, but you can check your credit reports to see which company is listed as your loan holder. The company that ...
General forbearances are available for Direct Loans, Federal Family Education (FFEL) Program loans, and Perkins Loans. Mandatory forbearance: Your student loan servicer is required to grant you ...
Enabling auto-pay on your federal student loans not only helps you avoid late payments, it can also help lower your interest rate. By setting up automatic payments, you get a 0.25 percent interest ...
As part of the student loan forgiveness plan, there is a clause specifying: “If you made voluntary payments during the payment pause — from March 13, 2020, through Dec. 31, 2022 — and your ...
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