Student Loan Updates | Forgiveness Is Back, Gov't Shutdown, IBR Rejections
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Student Loan Updates | Forgiveness Is Back, Gov't Shutdown, IBR Rejections
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Impacts of Government Shutdown and Key Updates on Student Loan Forgiveness
In this episode, we provide updates on various aspects of federal student loans, focusing on how the ongoing government shutdown may affect borrowers. Key topics include a halted student loan forgiveness class action lawsuit, issues with loan forgiveness progress and communication due to the shutdown, inaccurate payment counts and how to dispute them, and options for lowering or pausing loan payments during economic hardship.
Detailed scenarios including the implications of partial financial hardship, spousal consolidation loans, and upcoming deadlines for Parent PLUS borrowers are also discussed.
01:18 Student Loan Forgiveness Lawsuit Update
02:17 Impact of Government Shutdown on Loan Forgiveness
04:08 Disputes and Payment History Issues
05:38 Options for Government Employees During Shutdown
07:22 Hardship Forbearance for Private Loans
08:45 Upcoming Deadlines and Repayment Plans
12:53 Spousal Consolidation Loans Update
15:23 Conclusion and How to Get Help
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