The US Department of Education is implementing a payment adjustment that could grant borrowers credit toward loan forgiveness. Mark Kantrowitz, student loan expert and author of"How to Appeal for More College Financial Aid," joins Wealth! to break down the details of this credit.
And so with that date in mind, I mean, what kind of forgiveness could we potentially see if everyone who qualifies does apply? For example, the economic hardship deferment counts as a qualifying payment, but they didn't record qualifying the the type of deferment prior to 2013.
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