Borrowers Face Long Waits as Education Department Still Struggles To Process Student Loan Forgiveness Claims
Borrowers can also pursue forgiveness through income-driven repayment plans. Since these plans lower monthly payments based on a borrower's income, there is no set repayment period. After a borrower ...
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Education Department to restore student loan forgiveness tracker
The U.S. Department of Education will reinstate its income-driven repayment (IDR) payment counter, enabling borrowers to track progress toward loan forgiveness after 20 or 25 years of qualifying ...
Education Department Must Discharge Student Loans For 205,000 Borrowers After Major Court Defeat
A major new court ruling paves the way for the Education Department to automatically discharge the student loans of roughly 205,000 borrowers.
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Education Department backlog leaves nearly 2 million student loan borrowers in limbo
In a recent court filing, the Education Dept. disclosed that more than 1.98 million income-driven repayment plan applications ...
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Education Department Pushes More Than 7 Million Student Loan Borrowers to Change Repayment Plans
The Department of Education is sending notices to borrowers using now-defunct Saving for a Valuable Education plans. Millions of student loan borrowers still enrolled in Saving on a Valuable Education ...