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It's for people in income-driven repayment plans who have been paying back loans for 20 or 25 years but who never received credit for late or partial payments.
NEW YORK — Karin Engstrom thought she’d be paying off her federal student loans for the rest of her life. The 82-year-old was shocked when she logged on to…
Who is eligible for the new student loan forgiveness plan? A total of $39 billion is being forgiven under a one-time adjustment granted by the Biden administration.
NEW YORK (AP) -- Karin Engstrom thought she'd be paying off her federal student loans for the rest of her life. The 82-year-old was shocked when she logged on to check her balance ahead of payments resuming in October and found that more than $175,000 in debt had been erased.
Student loan payments start up again for most borrowers in October, but more than 800,000 people who have been paying for years are having their loans forgiven.