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PSLF loan discharge for military and certain professions in public service Since taking office, the Biden administration has forgiven $56.7 billion for 793,400 borrowers under the PSLF program.
Administration officials continue to press their case that the loan forgiveness program is necessary to give borrowers financial relief before federal student loan repayments are set to resume in ...
Depending on the IDR program you enrolled in, the remaining balance on your student loan is discharged after 20 or 25 years of repayment. Source: Education Department's Federal Student Aid (FSA ...
The program replaced the earlier Federal Family Education Loan (FFEL) program which issued "guaranteed loans" — loans originated and funded by private lenders but guaranteed by the government. The FFEL program was eliminated because of a perception that it benefited private student loan companies at the expense of taxpayers, but did not help ...
More than 35,000 borrowers will have $1.2 billion in student debt discharged under the public service loan forgiveness program, the Biden administration announced Thursday.The program impacts ...
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 ...
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