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With federal student loan payments set to resume in 2023 following a two-year pause, and extension made by the Biden administration, millions of borrowers will soon have another budget expense to ...
The page provides detailed steps you can take toward a “borrower defense to repayment,” which basically means you have legal grounds to discharge federal student loans if your school misled ...
The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [1]
Federal student loan borrowers can enroll in income-driven repayment plans or request to defer payments. But if you have private student loans, it can be harder to find ways to lower your monthly ...
In January 2020, the United States Bankruptcy Court for the Southern District of New York ruled that a debtor with more than $200,000 in student loan debt was entitled to an undue hardship discharge pursuant to 11 U.S.C. sec. 523(a)(8).
Federal Student Aid (FSA), an office of the U.S. Department of Education, is the largest provider of student financial aid in the United States. Federal Student Aid provides student financial assistance in the form of grants, loans, and work-study funds.
Getting rid of federal student loan debt has just become easier — in many cases automatic — for borrowers with qualifying disabilities. The U.S. Department of Education announced that it will ...
Direct PLUS Loan: The direct PLUS loan is a federal loan that graduate or professional students and parents of undergraduate students can use to pay for their education. These loans can be used to help pay for education expenses not covered by financial aid. The Direct PLUS loan is not based on financial need, but credit is necessary.