Student loan forgiveness deadline: What to know about loan consolidation, eligibility and more

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Student Loans News

Loan Loan Latest News,Loan Loan Headlines

Are you a federal student loan borrower? You may have a chance to receive a full cancellation of your debt, or a credit towards cancellation through a one-time…

To be eligible for cancellation of your debt, you might have to first consolidate your loans -- and the deadline to do so is TuesdayAre you a federal student loan borrower? You may have a chance to receive a full cancellation of your debt, or a credit towards cancellation through a one-time U.S. Department of Education payment-count adjustment. But not all borrowers are eligible, and a key deadline is fast approaching.

More than four million borrowers will have the full amount of their student debt cancelled, 10 million will be eligible for at least $5,000 in debt relief and 23 million borrowers will see their accrued interest eliminated. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyIf you have any of the federally managed loans that are listed here, you must consolidate them to get the most credit toward loan cancellation.Pro-Palestinian protesters occupy building at Columbia University in escalation of anti-war demonstrationsto choose the loans you want to consolidate and determine a monthly repayment plan for your new loan.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 545. in LOAN

Loan Loan Latest News, Loan Loan Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How to Get Student Loan Forgiveness in 2024Student loan forgiveness has a mixed track record. Last summer, the Supreme Court struck down a broad plan that would’ve erased up to $20,000 per borrower. Still, student loan forgiveness is more accessible now than ever before. A handful of existing federal student loan forgiveness programs have erased $143.6 billion in student debt for 3.96...
Source: KJNBNews - 🏆 526. / 51 Read more »