Do you owe money in student loans? It also promises loan forgiveness after at least 20-years’ worth of payments is completed.
The actions will benefit nearly 4 million people, bringing them a few years closer to forgiveness through the income-driven repayment program.
The income-driven repayment program offers four repayment plans and allows those in debt to avoid loan default by lowering monthly payments based on family size and income.Thousands of other borrowers will also get immediate forgiveness due to the public service loan forgiveness program.
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