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The deadline to do this is April 30, 2024. ... Because it takes at least 60 days to process a Direct Consolidation Loan application and to disburse the new loan, per the Federal Student Aid site ...
Those who stay current on their payments have all the remaining debt canceled after 10 years if they're in the Public Service Loan Forgiveness program; otherwise, those in income-based plans would ...
The PSLF program forgives remaining student loan balances for borrowers in the Direct Loan program after 120 qualifying monthly payments under an income-driven repayment (IDR) plan.
The Department of Education announced an interim final rule this month to extend the deadline for student loan borrowers to ... from July 2024 to July 2027. ... administration's student loan ...
The Project on Predatory Student Lending (PPSL) recently discovered that the servicer now offers borrowers the chance to apply for loan discharges. However, Navient never publicized the process ...
In August 2022, the administration used the Act again to announce student debt cancellation of up to $20,000 and several other reforms. [7] [16] Following litigation brought by several Republican-led state governments, the Supreme Court ruled in Biden v. Nebraska (2023) that the statute did not permit the administration's debt forgiveness ...
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