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Biden Admin Forgives $1.2B in Student Loan Debt Through SAVE Plan

BestColleges

His administration has now forgiven $138 billion in federal student loan debt through various executive actions. Borrowers enrolled in the newest income-driven repayment (IDR) plan will see over $1 billion in student loan forgiveness. The Department of Education (ED) announced Wednesday that it will soon discharge $1.2

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Foreign education loans | A guide

iSchoolConnect

Exploring Your Options for Foreign Education Loans The appeal of studying abroad continues to fascinate many young minds in higher education. However, the rising expenses of overseas education, which are frequently expressed in dollars, offer a considerable challenge.

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Minnesota Creates Nurse Loan Forgiveness Program

BestColleges

The commissioner of health will annually pay eligible nurses 15% of the average loan debt in their fields. To enroll in the plan, nurses can select a two-year contract between practicing or teaching in higher education. To apply for loan forgiveness, a nurse must provide proof of nursing employment. Minnesota Gov.

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Biden Cancels Another $9 Billion In Student Loan Debt

BestColleges

The Biden administration revealed Wednesday that fixes to existing loan forgiveness options resulted in $9.2 billion in loan discharges. The Department of Education has made a concerted effort to address shortcomings in student loan repayment plans. The Biden administration on Wednesday announced another $9.2

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Student Loan Servicers Were Late on Billing Statements, Miscalculated Payments: Report

BestColleges

The Department of Education will withhold payment to this loan servicer. The Department of Education will withhold payment to one federal student loan servicer due to errors committed by the servicer in recent months. Approximately 28 million borrowers reentered repayment of their federal student loans in October.

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Biden Admin Forgives $6B in Debt for Former Art Institute Students

BestColleges

Many former Art Institute students will soon see their remaining federal student loan debt balance cleared. The Biden administration announced May 1 that the Department of Education (ED) would automatically forgive all remaining federal student debt for people who attended any Art Institute campus between Jan. 1, 2004, and Oct.

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Biden Defines Student Debt Forgiveness for Borrowers ‘Experiencing Hardship’

BestColleges

.” The plan would offer debt relief to borrowers with an 80% chance or higher to default on their loans soon. Higher education stakeholders agreed to greenlight the proposal despite some points of disagreement. A borrower’s federal student loans enter default after nine months of continual missed payments.

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