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Billionaire Robert Smith’s pledge to pay off $35 million in studentloan debt for the Morehouse Graduating Class of 2019 was not only transformational and liberating for those directly impacted, but it would also go on to cause a catalytic movement that resulted in several individuals to follow his lead.
This post is a continuation of the last two that summarized Modules 1 and 2 of the StudentLoan Entrance Counseling (SLEC). Module 3, “Federal StudentLoans”, is summarized in this post. SLEC ensures that a student understands their rights and responsibilities with Federal loans prior to entering into a loan agreement.
PSLF promises Federal loan holders that, upon meeting requirements pertaining to public service employment, the ED will wipe away a large part of their debt. The PSLF program was implemented to forgive studentloan debt for employees of public service and nonprofit jobs. Eligible StudentLoans and Payment Plans.
One significant barrier between borrowers and an IDR plan was poor communication: loan servicers failed to tell borrowers that they were eligible to enroll in an IDR plan or provided them with inaccurate information about their repayment status and options. It can convert other types of federal loans into Direct Loans.
Department of Education announced that federal studentloan borrowers can now, for the first time, see how many months of progress they have toward having any remaining balance on their loans cancelled through the Income-Driven Repayment (IDR) plans. On January 16, 2025, the U.S.
gifted and talented); conversely, they are significantly overrepresented in special education, and in-school discipline and suspension rates (Ford & Moore, 2013; Hines et al., In the P-12 education system, Black males have lower graduation rates in high school, are underrepresented in accelerated programs (e.g.,
Starting in February, borrowers who are enrolled in the Saving on a Valuable Education (SAVE) Plan and who originally took out $12,000 or less in federal studentloans will have any remaining balance on their loans canceled after 10 years of qualifying time in repayment. Applying online should take about 10 minutes or less.
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