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Student loan forgiveness SAVE
I consolidated my loans to SAVE. I’ve been paying a low curiosity of two.5% for 20 years. I imagine they’re eligible for forgiveness now. How do I apply or does it occur mechanically?
Re: Student loan forgiveness SAVE
I’ve a query. A buddy and I had been discussing this yesterday, Friday, 24. If a pupil mortgage is forgiven, simply what does that imply? Is the remaining stability worn out? Does the monetary establishment not get that remaining quantity due? Do us taxpayers pay it? The place does the cash come from to fulfill the debt to the monetary establishment?
Re: Student loan forgiveness SAVE
brandy wrote: ↑Sat Aug 24, 2024 7:43 am
I’ve a query. A buddy and I had been discussing this yesterday, Friday, 24. If a pupil mortgage is forgiven, simply what does that imply? Is the remaining stability worn out? Does the monetary establishment not get that remaining quantity due? Do us taxpayers pay it? The place does the cash come from to fulfill the debt to the monetary establishment?
The federal authorities is the creditor on these loans. So sure, in concept taxpayers pay for it.
