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The Biden administration plans to freeze federal student loan funds by way of Aug. 31, extending a moratorium that has allowed thousands and thousands of Americans to postpone funds through the coronavirus pandemic By COLLIN BINKLEY and ZEKE MILLER Associated Press 5 April 2022, 18:05 • 3 min learn Share to FacebookShare to TwitterEmail this…
More than 8 million federal student loan debtors use income-driven reimbursement plans. These plans can drop funds to $0 based mostly on a borrower’s revenue and household measurement. And after 20 or 25 years — 10 for those who work in public service — any remaining stability is forgiven. But to remain on these plans,…