""We took on the Trump administration when it refused to follow the law and denied borrowers the relief they were owed,""
""Our agreement means that those borrowers stuck in limbo can either get immediate relief or finally see a light at the end of the tunnel.""
""The Administration looks forward to continuing its work to simplify the student loan repayment process through implementation of the President's One Big Beautiful Bill Act," the department said in a statement."
The Trump administration agreed to resume student loan forgiveness for an estimated 2.5 million borrowers enrolled in specific federal repayment plans. The Education Department will process forgiveness for borrowers in income-driven repayment (IDR), income-contingent repayment, Pay As You Earn (PAYE), and Public Service Loan Forgiveness (PSLF) plans. Borrowers who made payments beyond what was needed for forgiveness will be reimbursed. The agreement protects borrowers from large tax bills on debt forgiven this year. The administration will review forgiveness programs to identify those not affected by prior court rulings.
#student-loan-forgiveness #income-driven-repayment #public-service-loan-forgiveness #education-policy
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]