Recent Student Loan Actions Forgo $5 Billion in Repayments
Committee for a Responsible Federal Budget October 28, 2024 The Department of Education announced last week a six-month extension of automatic forbearance to all borrowers enrolled in the “SAVE” income-driven repayment plan while it is being challenged in courts, adding that they will forgive any unpaid accrued interest during that time. We estimate that the Department of Education […]
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