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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 ...
Under this scenario, if you owe $10,000 and requested a $2,000 refund on pandemic-era payments today, after that hypothetical date, and bumped up your loan balance to $12,000, only $10,000 of that ...
More than 45 million Americans are paying off student debt, with the average borrower owing $37,338 for federal loans. Those with private loans owe an average of $54,921. Naturally, they're eager ...
According to Experian data, the average student loan balance for all borrowers was $38,787 in 2023. Americans owed $1.75 trillion in some sort of education debt as of the first quarter of 2024, per...
Borrowers who regret paying off their student loans during the pandemic may be able to get a refund and benefit from the one-time forgiveness.
Student loan debt can quickly get out of hand if you’re not careful. Even if you are managing to make the payments every month, it can feel overwhelming. You need a good strategy to pay them off ...
Since the start of the COVID-19 pandemic, student loan borrowers have faced a series of ever-changing rules, false starts on loan forgiveness and confusion. Payments were paused during the ...
If you are unsure who services your loan, or if the servicer changed during the pandemic, visit your student aid account dashboard and scroll to “my loan servicers” or call 1-800-433-3243.