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Here’s how to get your student loans forgiven — even if Biden’s plan falls through



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Getty ImagesPopular repayment plans lead to forgivenessAfter 20 to 25 years of payments, borrowers enrolled in so called income-driven repayment plans get any remainder of their debt cancelled by the federal government.”Income-driven repayment plans are also student loan forgiveness plans,” Kantrowitz said.In the meantime, borrowers’ monthly bills are capped at a share of their discretionary income, and some payments wind up being as little as $0. As a result, experts recommend that low-income borrowers explore the options.Many qualify for Public Service Loan ForgivenessSigned into law by then-President George W. Bush in 2007, the Public Service Loan Forgiveness program allows certain nonprofit and government employees to have their federal student loans canceled after 10 years, or 120 payments.Although the program has had its fair share of problems, the Biden administration recently made a number of improvements to it.Andrii Dodonov | Istock | Getty ImagesThere are typically three primary requirements to qualify for the program, although the recent changes provide some more wiggle room in certain cases:Your empl …

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