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18 mar 2021 · Income-Driven Student Loan Forgiveness Act. This bill requires the Department of Education (ED) to forgive the outstanding balance of principal, interest, and fees due on federal student loans for eligible borrowers who meet certain income requirements.
You may qualify for forgiveness of the remaining balance due on your eligible federal student loans based on your employment in a public service job.
18 lip 2024 · The debt relief announced today includes borrowers who have benefitted from the Biden-Harris Administration’s limited PSLF waiver, a temporary opportunity that ended in October 2022, as well as from regulatory improvements made to the program by this Administration.
5 sie 2023 · Extended benefits to self-employed, freelancers, and independent contractors. Pandemic Emergency Unemployment Compensation (PEUC) Extended $300 per week benefits for up to 53 weeks until Sept....
12 kwi 2024 · All borrowers on SAVE receive forgiveness after 20 or 25 years, depending on whether they have loans for graduate school. The benefit is based upon the original principal balance of all Federal loans borrowed to attend school, not what a borrower currently owes or the amount of an individual loan.
22 maj 2024 · Borrowers can receive relief after at least 10 years of payments if they originally borrowed $12,000 or less. Each additional $1,000 in borrowing adds 12 more months until forgiveness. All borrowers on the SAVE Plan receive forgiveness after 20 or 25 years, depending on whether they have loans for graduate school.
Due to the payment count adjustment, past periods of repayment, deferment, and forbearance might now count toward your IDR forgiveness. Borrowers with certain non-Direct Loans will need to act by June 30, 2024, to benefit from this adjustment. Learn about the payment count adjustment and any actions you should take.
