How do I check my loan forgiveness status?
You can find out how many qualifying payments you’ve made by logging in to your account at FedLoan Servicing and viewing your loan details or by looking on your most recent billing statement.
How do I check the status of my borrowers defense?
The U.S. Department of Education (ED) notifies borrower defense applicants through email of ED’s determination about borrower defense discharge eligibility. If you have questions about your email that aren’t answered below, call our borrower defense hotline: 1-855-279-6207.
Is Obama’s student loan forgiveness real?
While former President Obama made strides to help student loan borrowers, he did not offer complete or total loan forgiveness. There were rumors that he would forgive all student loan debt during his tenure, but this never occurred.
How do I check the status of my federal student loans?
Your FAFSA status can be found on the “My FAFSA” page, which displays immediately after you log in if you have already started or completed a FAFSA form. To check on the status of financial aid being disbursed to you or your account, check with the financial aid office at your college or career school.
How many days after missing a student loan payment do your loans go into default?
270 days
While federal student loans don’t go into default until after 270 days of past-due payments, borrowers with private student loans are beholden to the rules of their loan providers.
What is the borrowers defense program?
The borrower defense to loan repayment forgiveness rule is a federal regulation issued by the U.S. Department of Education that allows federal direct student loan borrowers who were defrauded by a college, university or career school to seek forgiveness of those loans.
Can I get out of my student loan?
There’s no simple way to get rid of student loans without paying. But for federal student loans, there are forgiveness programs available after you make payments and meet other qualifications. Forgiveness through income-driven repayment: This is your best option to keep payments manageable.