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Borrowers with some types of federal student loans have until today to consolidate their loans to qualify for full student loan cancellation or credit toward cancellation. The Education Department ...
Student loans: Key deadline looms for certain student loan borrowers. Ronda Lee. December 9, 2023 at 9:17 AM ... Due to the restart of payments, loan consolidation can take several weeks to process.
To meet the deadline, the application just has to be submitted by the end of the day Tuesday — the approval can come later, said Celina Damian, the student loan servicing ombudsperson for the ...
"Some borrowers who consolidate and enroll in an Income-Driven Repayment plan may qualify with as few as 10 years of payments if they work for the government, or for most types of nonprofits ...
There were around 7.5 million federal student loan borrowers in default, the Education Department said in 2022, when it launched its mulligan program. That grim figure led to comparisons with the ...
However, borrowers with FFEL and commercially-held student loans may require direct loan consolidation in order to benefit from the relief. That must be done by May 1, 2023.
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