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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 ...
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...
With the future of student loan forgiveness still hanging in the balance, borrowers may be planning for a worst case scenario. That would include student loan payments resuming at the end of ...
There are approximately 5.6 million former students currently in default, meaning their loans are at least 270 days behind on payment, who could be immediately affected when collections crank back ...
The administration has extended the payment pause for one final time through December 31. Here, we explain all you need to know about President Biden’s federal student loan policy.
Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows that access to student loans increases credit-constrained students' degree completion, later-life earnings, and student loan repayment while having no impact on overall debt. [3]
The current loan service providers for the Federal Student Aid (FSA) program are: Great Lakes Educational Loan Services, Edfinancial, MOHELA, Aidvantage, Nelnet, OSLA Servicing, ECSI, and the ...
The rate for Direct PLUS Loans was 8.05% for loans first disbursed after July 1, 2023 — up from 7.54% for loans first disbursed between July 1, 2022, and June 30, 2023.