While advocates and policymakers continue to debate additional student loan forgiveness, the Biden administration is moving forward in preparing for the return to repayment this spring
The Department will also allow borrowers to self-report their income this year, rather than having to submit formal documentation of their income such as a tax return or pay stub. “Borrowers who apply for a new Income-Driven Repayment plan or those already in a plan...
Granite State Management & Resources, another loan servicer, also exited the Department’s student loan servicing space last year. The Department has completed the transfer of these accounts to other loan servicers as of December, as well. In anticipation of confusion and uncertainty regarding loan servicing transfers and the return to repayment, several loan servicers are planning on hiring additional employees to staff customer service lines and process borrower requests. But it is unclear how effective additional staffing will be.
The Department and its contracted loan servicers plan to communicate directly with these borrowers through increased outreach. Borrowers will be “allowed to make their selection by clicking on a link in emails from their loan servicer without logging into their account and through other means, such as over the phone or by logging into their account online,” according to the GAO.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
We May Finally Understand Why Clouds Are Different Between Earth's HemispheresYou might think that clouds are clouds all over Earth, but that's not quite so.
Les mer »
Autoimmune disease may be prevented by vitamin supplements, study findsOlder adults who took daily fish oil and vitamin D supplements for more than two years were about 30% less likely to develop autoimmune disorders, a new study says.
Les mer »
Stimulus checks for families: Here’s how new parents may be eligible for another $1,400 paymentParents who gave birth to a newborn in 2021 may qualify for another $1,40S stimulus check.
Les mer »
New York’s controversial DA Bragg may be ‘rethinking’ his policiesBusiness leaders in New York tell Fox Business News that they have scheduled a meeting next week with embattled Manhattan District Attorney Alvin Bragg. Bragg has come under fire for a memo he wrote upon taking office, in which he described prosecutorial priorities that many see as soft on crime.
Les mer »
Exclusive: Man killed in Port Richmond hit-and-run may have been targeted, sources sayPolice say the driver of a white Cadillac drove off after striking a 41-year-old on a Port Richmond Street. The victim later died at the hospital.
Les mer »
Omicron may be milder, but California just entered its second-highest COVID death waveAs of Thursday, the state was averaging 157 new COVID deaths a day, more than anytime since last winter’s deadly surge, before vaccines became widespread, a 300% increase from just a month ag…
Les mer »