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On October 6, the Department of Education announced changes to the Public Service Loan Forgiveness Program (PSLF) that will now make new loans eligible for forgiveness that were previously ...
It allows waiving of statutory or regulatory requirements related to federal student loans for three categories of individuals: active-duty military or National Guard officials, those who reside or are employed in a declared disaster area, or those who have suffered direct economic hardship as a result of wars, military operations, or national ...
Just weeks after canceling almost $5 billion in student loan debt for thousands of public servants and low-income borrowers, the Biden Administration has announced a new proposal to expand ...
Last October, the Biden administration announced executive actions that would bring most loans managed by the Education Department "closer to forgiveness," the Department of Education said. These ...
MOHELA became the sole servicer for the Public Service Loan Forgiveness (PSLF) program in July 2022, following the decision of FedLoan to break its ties with the Department of Education. [ 6 ] By August 2022, MOHELA was responsible for overseeing some 6.7 million student borrower accounts on the DOE's behalf, along with around 330,000 private ...
Under President Biden's student loan forgiveness program, individual borrowers who earned less than $125,000 in 2020 or 2021 will see up to $10,000 or $20,000 of their federal student loan debt...
PHEAA conducts its student loan servicing activities nationally as FedLoan Servicing and American Education Services (AES). FedLoan Servicing was established in 2009 to support the U.S. Department of Education's ability to service student loans owned by the federal government, and is one of a limited number of organizations approved by the ...
Department of Education Secretary Miguel Cardona is urging Americans to apply to the Public Service Loan Forgiveness program to see if they’re eligible.At the same time, the Biden administration ...