Page 16 - Direct Loan Program News Today

Millions of federal student loan borrowers could be left out of debt forgiveness because of their loan type. The government is trying to avoid that outcome.

Millions of federal student loan borrowers could be left out of debt forgiveness because of their loan type. The government is trying to avoid that outcome.

Millions of federal student loan borrowers could be left out of debt forgiveness because of their loan type. The government is trying to avoid that outcome.

Millions of federal student loan borrowers could be left out of debt forgiveness because of their loan type. The government is trying to avoid that outcome.

Millions of federal student loan borrowers could be left out of debt forgiveness because of their loan type. The government is trying to avoid that outcome.

Millions of federal student loan borrowers could be left out of debt forgiveness because of their loan type. The government is trying to avoid that outcome.

After President Joe Biden’s historic announcement on forgiving student debt, borrowers have countless questions. Here are some answers.

But why?

What are the requirements for student loan forgiveness?President Biden’s student loan forgiveness plan only forgives certain loans. Read more to see how student debt can change for those with Pell Grants, FFEL loans, Parent PLUS loans and more.

Monthly payments to be cut in half, and those eligible for public service loan forgiveness must complete a waiver by October 31 to get credit for past payments.