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The federal government offers four income-driven repayment options: Loan terms range from 20 to 25 years, with borrowers generally owing 10% to 20% of their discretionary income. After this period ...
Two of Biden's key debt-relief initiatives are tied up in court: his SAVE income-driven repayment plan, intended to make student-loan payments cheaper for borrowers, and his broader loan ...
International Education Corporation aimed to maximize enrollment and profits by manipulating test outcomes to benefit from the federal student aid program, according to an investigation.
Now that the more than three-year COVID-19 student loan payment pause has come to an end, 28 million borrowers have entered repayment since Oct. 1, 2023. With this massive transition from a full...
The SAVE plan "was Team Biden's creative response to an earlier Supreme Court decision rejecting its use of the COVID-19 emergency to broadly forgive student loan debt," noted Jaret Seiberg, an ...
With student loan forgiveness still uncertain, borrowers can expect more changes -- and perhaps some potholes -- on the road to paying down student loan debt. As part of the Biden administration's...
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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 ...