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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 ...
Even though borrowers have until Dec. 31, 2023, to apply for student loan forgiveness, many are not waiting to start the application process. By applying now, borrowers who received Federal Pell...
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 restart in payments already faces complications. More than 44% of borrowers have a new loan servicer since the pandemic began and payments were put on pause. When a new loan service provider ...
In the news. As of July 19, 2024, all student loan payments under the SAVE Plan has been put on hold due to an ongoing appeals process as Republican-led states challenge the plan’s legality.
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.
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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 ...
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