To be eligible for cancellation of your debt, you might have to first consolidate your loans -- and the deadline to do so is TuesdayAre you a federal student loan borrower? You may have a chance to receive a full cancellation of your debt, or a credit towards cancellation through a one-time U.S. Department of Education payment-count adjustment. But not all borrowers are eligible, and a key deadline is fast approaching.
More than four million borrowers will have the full amount of their student debt cancelled, 10 million will be eligible for at least $5,000 in debt relief and 23 million borrowers will see their accrued interest eliminated. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyIf you have any of the federally managed loans that are listed here, you must consolidate them to get the most credit toward loan cancellation.Pro-Palestinian protesters occupy building at Columbia University in escalation of anti-war demonstrationsto choose the loans you want to consolidate and determine a monthly repayment plan for your new loan.
Source: Education Headlines (educationheadlines.net)
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