ED to Resume Student Loan Forgiveness for Some

By Susan H. Greenberg The Education Department last week quietly restarted student loan forgiveness for some borrowers on an income-based repayment (IBR) plan, The Washington Post reported Saturday. The process had been on hold since July due to legal challenges. IBR borrowers who have made on-time payments for 25 years received emails from the department saying their balances would be forgiven, unless they opt out by Oct. 21. Otherwise, most discharges will be processed within two weeks of that date, the letter said. Student loan servicers confirmed to the Post that the department had told them about the impending cancellations. Of course, the government shutdown may delay

The post ED to Resume Student Loan Forgiveness for Some appeared first on HBCU News.

Verified by MonsterInsights