Here’s what you need to know.took a break from pushing student loan cancellation to focus on student loan forgivenessto U.S. Secretary of Education Miguel Cardona, the members of Congress — which include Sen. Tim Kaine and Sen. Kirsten Gillibrand — want public service loan forgiveness fixed in at least 4 ways. They want to remove the impediments, bureaucracy and roadblocks that have resulted in a.
Surprisingly, not all student loan payment plans are eligible for public service loan forgiveness. It’s not as simple as paying off student loans. To qualify for public service loan forgiveness, you must be enrolled in eligible income-driven repayment plan and make the majority of your student loan payments while enrolled in a qualified student loan repayment plan.
1.4 million student loan borrowers were unknowingly enrolled in the wrong student loan repayment plan , even though they are pursuing student loan forgiveness. The U.S. Department of Education tried to correct this hurdle through the creation of the Temporary Expanded Student Loan Forgiveness Program to help borrowers who are enrolled in the graduated or extended student loan repayment plans. However, this program has had similar exceedingly high rejection rates.
I’m done paying taxes so entitled can be lazy an pampered with our money
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