Federal student loan borrowers can expect “the most affordable student loan plan ever”, Biden said in a video address on Tuesday announcing significant changes to the debt from higher education held by over an eighth of the country.
Federal student loan borrowers can expect “the most affordable student loan plan ever”, Biden said in a video address on Tuesday announcing significant changes to the debt from higher education held by over an eighth of the country.
Wait $0 payments still count? Then I’m like 9 years from forgiveness. Thank you
Yes, if you were getting zero dollar minimum payments under an income based payment plan (not deferrment or delinquent), then that does count toward forgiveness, which is any balance remaining after twenty years of payments for undergrad and twenty five years for graduate loans under the new terms. Ten years of payments under income based for public service loan forgiveness. Also forbearance zero dollar payments during covid counts towards both too.