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In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]
Individuals who earn less than $125,000 and couples whose income is under $250,000 can apply for up to $10,000 in federal student loan forgiveness. It doubles to $20,000 for Pell grant recipients. ...
About 26 million federal student loan borrowers have applied for forgiveness under the Biden administration's debt relief program, the White House announced on Wednesday. When and if those ...
Even though borrowers have until Dec. 31, 2023, to apply for student loan forgiveness, many are not waiting to start the application process. By applying now, borrowers who received Federal Pell...
President Joe Biden’s sweeping student loan forgiveness plan may have been struck down by the Supreme Court, but his administration has gone forward with a separate plan to write off $39 billion ...
Among several recent proposed changes the Education Department has announced, it has updated the timeline for student loan borrowers seeking forgiveness under a one-time account adjustment ...
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