Borrowers need to act by April 30 to qualify for student loan forgiveness

There's an opportunity to qualify for student loan forgiveness, but borrowers need to act by April 30, the Consumer Financial Protection Bureau says.There's a student loan forgiveness opportunity available to many borrowers, but they'll have to act by April 30 to qualify, the Consumer Financial Protection Bureauby the end of this month — which will leave them with one, larger loan — could get their debt canceled immediately or sooner than they would have otherwise.

One complicating factor for borrowers in these programs is that they often have multiple loans, taken out at different times, said higher education expert Mark Kantrowitz.What car shoppers need to know "So long as the application is submitted by April 30, they should be fine, even if the servicers take longer to process it," Kantrowitz said.

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

There's a key deadline in April for borrowers hoping to get student loan forgivenessBorrowers with multiple federal student loans who request a consolidation by April 30 could be closer to student loan forgiveness. What to know.
Source: CNBC - 🏆 12. / 72 Read more »

Borrowers need to act by April 30 to qualify for student loan forgivenessThere’s an opportunity to qualify for student loan forgiveness, but borrowers need to act by April 30, the Consumer Financial Protection Bureau says.
Source: NBCLA - 🏆 319. / 59 Read more »