What this means for your student loans.
. Plus, all their non-payments have counted for purposes of the Public Service Loan Forgiveness program and student loan forgiveness related to income-driven repayment plans.At the beginning of the Covid-19 pandemic, several states helped student loan borrowers get some student loan relief for their private loans. Similarly, some lenders helped increase student loan relief for their student loan borrowers.
In contrast, private loans are owned by lenders, financial institutions, investors and other third parties. Therefore, in contrast to federal student loans, it’s more complex to negotiate student loan relief for private student debt with each of these parties, and will continue to be. As a result, private student debt has been largely excluded from federal student loan relief. Sen.
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