Study Abroad Loans: 7 New Flexibilities for Federal Student Loan Borrowers As Repayment Resumes

Biden Administration to Grant New Flexibilities to Student Loan Borrowers. Here are the flexibilities

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Borrowers can self-declare their IDR to reduce federal loan payments

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US Education Department has temporarily postponed the IDR rectification dates

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Borrowers who paid EMIs during the Student Loan Pause will get refunds

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Borrowers who opted for loan forgiveness through PSLF will have a relaxed application process

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Borrowers will not get penalised for defaulting on their payments in the past

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Borrowers could get a 50% relaxation on monthly loan payments

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Biden administration is also planning to provide a grace period to borrowers at the end of the pause

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Click here to read more about flexibilities to federal student loan borrowers

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