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The Department of Education and Congress can do more to help borrowers avoid default Rehabilitation Borrowers in default can return their loans to good standing through rehabilitation, in which they make nine on-time payments based on their incomes within 10 consecutive months. Borrowers who cannot afford these payments may be able to make, at the…
Student loan forgiveness has arrived for 70,000 borrowers working public service jobs The Education Department announced a major overhaul to the loan forgiveness program that will erase 22,000 borrower’s debt close to $1.7 billion. USA TODAY The overhaul of a controversial loan forgiveness program was projected to erase the debt of 22,000 student loan borrowers…