Tag: loan forgiveness
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Borrowers apply for student loan forgiveness: Debt relief application goes live
By: Dalet Valles Published By: The Chimes Newspaper On Oct. 17, the U.S. government launched the application for student loan forgiveness. Those who applied during the beta period, which took place over the weekend, do not need to reapply if a confirmation email was received. The Department of Education recommends that all qualifying borrowers apply for the relief even though…
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Politics Rundown: Justice Ketanji Brown Jackson takes the bench
By: Dalet Valles Published By: The Chimes Newspaper The Biden Administration quietly changed the stipulations outlined in the recently released loan forgiveness plan, leaving nearly 800,000 borrowers ineligible for relief. According to the previous information released by the Department of Education, borrowers who received loans through either the Federal Family Education Loan Program (FFELP) or Perkins loan program would not receive automatic…
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Millions receive federal loan relief
By: Dalet Valles Published By: The Chimes Newspaper On Aug. 26, the Biden Administration announced a three-part plan to provide loan forgiveness to millions of students and graduates around the country. According to Forbes, student debt totals an estimate of $1.75 trillion, attributed to around half the population. The debt forgiveness plan will provide relief to those who…