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Veterans: You might qualify for forgiveness if you have a service-connected disability that is 100% disabling or an individual unemployability rating qualifies you as disabled.
The PSLF program forgives remaining student loan balances for borrowers in the Direct Loan program after 120 qualifying monthly payments under an income-driven repayment (IDR) plan.
The U.S. Department of Education announced that it will automatically forgive federal student loans for at least 323,000 borrowers who have total and permanent disabilities. An estimated $5.8 ...
Under the plan, up to $10,000 in federal student debt relief may be offered to borrowers whose income in 2020 or 2021 was less than $125,000 (or $250,000 for households). That figure rises to up ...
6. Income-Driven Repayment Program Cancellation. Income-driven repayment plans set your monthly student loan payment at an amount meant to be affordable based on how much you earn. At the end of ...
The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [1]
If you were a Pell Grant recipient, you may be eligible for up to a total of $20,000 in forgiveness. The only caveat is that relief is capped at the amount of outstanding student debt. For example ...
You’ll receive student loan forgiveness of your remaining balance after you’ve made the equivalent of 10 years (or 120 student loan payments) under this program.