New Forgiveness Program Starting Feb. 2022

Welcome! Forums Student Loans Today New Forgiveness Program Starting Feb. 2022

Viewing 1 post (of 1 total)
  • Author
  • #8302
    Roy Bush

    In a letter dated November 8, 2021, Richard Cordray, the Chief Operating Officer for Federal Student Aid announced the big changes to the Public Service Loan Forgiveness Program. In general, the program will add months or even years of credit to student loan borrowers by counting payments that had once been ineligible. He wanted to make clear this process is complex and will take some time to process and carry out. Over the next several months, FedLoan Servicing will be hard at work updating students’ accounts – over 1 million accounts. The letter is available to read at this site: Public Service Loan Forgiveness

    • This topic was modified 10 months, 2 weeks ago by Roy Bush.
Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.