Even during the government shutdown, some student loan borrowers have been notified that they are eligible for debt cancellation – and there are several steps they should take to safeguard their finances.
Last month, the Trump administration agreed to restart loan forgiveness for eligible borrowers on the Income Contingent Repayment plan and the Pay as You Earn plan.
It was part of an agreement with the American Federation of Teachers – which represents 1.8 million members including teachers, healthcare employees and public workers – after the union sued the White House.
Though the government shutdown – officially the longest in US history – entered its 38th full day on Friday, some borrowers have started to receive notifications that they are eligible for student loan forgiveness.
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