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2. Education Department Announces Permanent Improvements to the ...

   www.ed.gov/news/press-releases/education...

   In April 2022, the Department announced one-time improvements to address historic inaccuracies in the count of payments that qualify toward forgiveness under IDR as well as practices by loan servicers to put borrowers into forbearance in violation of Department rules. As a result of these past failures, borrowers who were in repayment for 20 or ...

3. Seven Things to Know About the Student Loan Payment Count ...

   www.ed.gov/content/seven-things-know-about...

   Borrowers Have More Time to Consolidate Loans to Benefit from the Adjustment By: Federal Student Aid Chief Operating Officer Richard Cordray Since this summer, the U.S. Department of Education (Department) has approved almost $44 billion in debt relief for more than 900,000 borrowers as part of the payment count adjustment. This is a one-time ...

4. Biden-Harris Administration Allows Borrowers More Time to ...

   www.ed.gov/news/press-releases/biden-harris...

   The payment count adjustment is now anticipated to be fully implemented in September 2024. At that time, borrowers with Direct Loans or Federal Family Education Loan (FFEL) Program loans held by the U.S. Department of Education (Department) will see a full and accurate count of their progress toward loan forgiveness.

5. Student loans: One-time payment adjustment of $39 billion ...

   www.aol.com/finance/student-loans-one-time...

   July 14, 2023 at 1:54 PM. On Friday, the Department of Education announced that it will begin discharging student loan debts for borrowers who’ve been in repayment for 20-25 years under a one ...

6. BO14 One-Time IDR Account Adjustment - FSA Partner Connect

   fsapartners.ed.gov/sites/default/files/...

   to July 1, 2023 One-Time IDR Adjustment. an IDR accou be consolidated into a Direct Consolidation. consolidated djustment not federally t adjustment c n occur Consolidation managed. DEFAULTED LOANS are in a default status on or after July 1, 2023, will. • n t be that to rec ive the one-time IDR account adjustment transfer the Borrowers non ...

7. Student loans: Biden debuts application for new affordable ...

   www.aol.com/finance/student-loans-biden-debuts...

   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 .

8. Repay Student Loans - Find & Pay for College - Students - ED.gov

   www2.ed.gov/students/college/repay/edpicks.jhtml

   Guide to Defaulted Student Loans: If you are in default on your student loan, find out about options that can help you repay your student loans. GO > Loan Consolidation: Combine your federal education loans into a single loan with one monthly payment, which can be significantly lower than the payment under the standard 10-year repayment option ...

9. Federal Direct Student Loan Program - Wikipedia

   en.wikipedia.org/wiki/Federal_Direct_Student...

   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]