Tag: borrowers
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4.8M borrowers – including 1M in public service
WASHINGTON — The Biden administration announced a milestone Thursday in its effort to cancel Americans’ student debt: it has provided relief to more than one million borrowers who work in public service. Through the Department of Education’s Public Service Loan Forgiveness Program, the administration approved about $4.5 million in additional student loan relief for more…
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Education Dept. extends deadline for defaulted student loan borrowers to get current
The U.S. Department of Education has extended the deadline for its Fresh Start program for defaulted student loan borrowers until Wednesday morning, according to an agency spokesperson. Borrowers who apply for the limited opportunity will be returned to good standing on their loans, and able to avoid the impact of delinquency and default. The original deadline…