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The single-largest step borrowers can take is to see whether or not they qualify for one thing known as earnings-driven repayment. You do not even have to know who is servicing your loan, the CFPB said. The strategy would cancel up to $20,000 in student loans Loan forgiveness debt for Pell Grant recipients and up […]
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In a separate tweet, he pointed out that the court’s opinion featured a quote from then-Speaker Nancy Pelosi, saying the power of debt forgiveness belongs to Congress and not the president. Making matters worse, numerous older borrowers will have a new loan servicing organization — not to mention they may perhaps have forgotten their on […]
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But it wasn’t often the go-to theory for justifying broad debt relief. Although some expected the debt relief to be restricted to undergraduate debt, the final strategy consists of parents who took on PLUS loans to help spend for a child’s education, as well as loans taken out for graduate applications. When the administration initially […]
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