The Department of Education is giving borrowers more time to meet a key deadline regarding student loan forgiveness.
3.6 million borrowers who got federal loans originated through the Federal Family Education Loans Act have until June 30th to request a loan consolidation, which we combine all of someone's loans into one loan in order to apply for an initiative that could wipe out their debt.
The department first announced this payment adjustment in April of 2022 to address evidence of mismanagement of the plans including not giving people the correct information for their forgiveness timeline resulting in some people repaying their loans for longer than they should have been.NEW YORK — Your wallet may soon be getting thinner. Visa on Wednesday announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years.
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