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As of July 1, unpaid interest on loans won’t be added to the principal for borrowers in any IDR plan, except the income-based repayment (IBR) plan where capitalization is required by statute.
The student loan forgiveness plan announced last week by the Biden administration provides sweeping relief to federal student loan borrowers in the form of both canceled debt and an extension of ...
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Total student loan debt, currently $1.76 trillion, continues to climb as a number of borrowers do not have access to debt relief, according to the Education Data Initiative. Notably, 47.9 million ...
The alternative debt relief through rulemaking was announced by President Biden after the Supreme Court struck down Biden’s up to $20,000 in student loan cancellation in June. This early draft ...
As the fact sheet noted, the Department of Education will provide up to $20,000 in debt cancellation to Pell Grant recipients with loans held by the Department of Education, and up to $10,000 in ...
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