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On Friday, the Department of Education announced that it will begin discharging student loan debts for borrowers who’ve been in repayment for 20-25 years under a one-time payment adjustment ...
Around 3.6 million borrowers will receive at least three years of credit toward loan discharge as a result of the adjustment, according to Federal Student Aid (FSA). The one-time payment ...
The most borrowers must pay toward their undergraduate loans is 5% of their discretionary income, down from 10%. No borrower making less than 225% of the federal poverty level will have to make a ...
In April 2022, the Education Department announced the one-time payment adjustment for all Direct Loans and federally owned Federal Family Education Loans (FFELs). The adjustment to student loan ...
The latest discharges include $3.2 billion for 43,900 borrowers using the public service loan forgiveness program and waiver, and $1.7 billion for 29,700 borrowers under the one-time payment ...
Around 3.6 million borrowers will receive at least three years of credit toward loan discharge as a result of the adjustment, according to Federal Student Aid (FSA). The move is separate from the ...
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