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  1. 1 day ago · The department confirmed this in its updated guidance. Borrowers who reach the 20- or 25-year milestone for loan forgiveness under any of these plans will not receive a discharge. Instead, they will be put into an interest-free forbearance while the litigation continues. Get the 2024 New IDR Calculator.

  2. Aug 25, 2022 · Under the plan, the federal government will forgive up to $10,000 for those who earn less than $125,000 annually and up to $20,000 for those who received a Pell Grant for low-income students.

  3. Oct 25, 2024 · The Education Secretary may consider any of the following factors: Household income. Assets. Type of loans and debt balance. Current repayment status and history. Total student debt balance and ...

  4. Jun 10, 2024 · The department’s actual review process will take at least 60 days. Borrowers who are found to have made at least 20 years of payments for undergraduate loans or 25 years for graduate loans will see their loans fully forgiven — a tax-free perk through 2025.

  5. Aug 25, 2022 · She will qualify for up to $20,000 in loan forgiveness because she received a federal Pell grant for low-income students when she attended Cal State San Bernardino, graduating in 2015.

  6. Aug 24, 2022 · The administration announced Wednesday that it would forgive up to $10,000 in federal student loan debt — that is, erase it from the books. This relief will be available to borrowers who earned...

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  8. Sep 22, 2022 · You'll have until Dec. 31, 2023 to apply. California will receive the most relief in the nation from President Biden’s student loan forgiveness plan. According to a White House analysis...

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