If you are one of the 8 million federal borrowers currently enrolled in an income-driven repayment plan, your student loan balances will be automatically canceled - no action is necessary.
For everyone else, don't worry! You can still apply to have a portion of your student loans forgiven. Balances may drop by as much as…
The White House has announced a new plan that will provide loan forgiveness for some federal student loans. Under the plan, Pell Grant recipients can have up to $20,000 in loan dismissals, while other federal borrowers may be eligible for up to $10,000 in forgiveness. Private loan holders are not eligible for this program. There…