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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. 2.
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Apr 8, 2024 · Borrowers seeking hardship-based student loan forgiveness may need to submit an application. Ultimately, more than 20 million borrowers could receive relief under the plan, according to the...
Apr 12, 2024 · The Biden-Harris Administration announced today the approval of $7.4 billion in additional student loan debt relief for 277,000 borrowers. These discharges are for borrowers who signed up for President Biden’s Saving on a Valuable Education (SAVE) Plan and are eligible for its shortened time-to-forgiveness benefit and as a result of fixes ...
Feb 21, 2024 · Briefing Room. Statements and Releases. Today, President Biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the Saving on...
Feb 21, 2024 · The Department will implement the remaining full benefits of the SAVE Plan in July 2024, which will further reduce monthly payments from 10 percent of a borrower’s discretionary income to 5 percent. Borrowers can learn more about forgiveness programs at StudentAid.gov/forgiveness.
Apr 8, 2024 · Under Public Service Loan Forgiveness, borrowers in public service for 10 years who have made 120 months of qualifying payments can get their remaining student debt canceled.
Apr 12, 2024 · Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest. People who have owed on loans for at least 20...