The new month brings some good news on the student loan front. There are new federal repayment policies that will help recent graduates. The new pay-as-you-earn plan for people whose first federal student loan was taken out after September 30, 2007, AND who has at least one after September 30, 2011. The payments are lower, and loan forgiveness after 20 years, rather than 25. For more information and to see if you are eligible, see this page.
Besides, the federal government has a new page for student loans and their repayment. Applicants can retrieve their own tax information electronically and access their own information--and apply for relief--more quickly.
Finally, new procedures for discharging federal student loans due to total and permanent disability are easier and less cumbersome. Applicants can now just supply one application, rather than submit applications to each lender.
Besides, the federal government has a new page for student loans and their repayment. Applicants can retrieve their own tax information electronically and access their own information--and apply for relief--more quickly.
Finally, new procedures for discharging federal student loans due to total and permanent disability are easier and less cumbersome. Applicants can now just supply one application, rather than submit applications to each lender.
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