Student Loan Forgiveness and Repayment Programs Plagued by ProblemsThe administration’s announcement follows increasing scrutiny of federal student loan forgiveness and repayment programs. After 20 or 25 years (depending on the plan), the borrower is entitled to student loan forgiveness for any remaining balance. Biden Administration Will Make Adjustments To Count More Payments Towards Student Loan ForgivenessThe Education Department also announced a series of fixes to count more payments towards student loan forgiveness. This could have huge implications for borrowers, since consolidation typically “restarts the clock” on a borrower’s IDR loan repayment term. Probably Not For Awhile — Here’s WhyStudent Loan Forgiveness By Executive Action Is Still On The Table, Says Top Biden Official4 Options For Biden To Legally Enact Student Loan Forgiveness Without Congress

Source: Forbes April 20, 2022 14:43 UTC