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In April 2022, the Education Department announced the one-time payment adjustment for all Direct Loans and federally owned Federal Family Education Loans (FFELs). The adjustment to student loan ...
Current student loans news for 6/21/2024 ... But act fast — the deadline to consolidate your federal loans and become eligible for a one-time payment count adjustment is June 30, 2024. Show ...
In 2022, the Department of Education announced a one-time payment adjustment that will count certain months toward student loan forgiveness for borrowers with an income-driven repayment (IDR) plan.
The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [1]
The most borrowers must pay toward their undergraduate loans is 5% of their discretionary income, down from 10%. No borrower making less than 225% of the federal poverty level will have to make a ...
Updated April 28, 2023 at 12:34 PM. The federal government provided more details on its plan to adjust the payment histories of millions of student loan borrowers, a move that will get them closer ...
The additional $9 billion announced today by the Department of Education includes $5.2 billion for 53,000 PSLF borrowers, $2.8 billion for 51,000 borrowers under the one-time payment adjustment ...
All other borrowers will see the one-time payment adjustment applied to their accounts in 2024. You can learn more about the one-time payment adjustment here .