Solved

does the 25 year student loan forgivenness program apply for pre-existing borrowers?

Posted on 2014-09-08
2
83 Views
Last Modified: 2014-09-12
Hello and Good Afternoon Everyone,

           On July 1st of this year, there were several changes made which turned into federal law governing student loans.  One of the changes made relates to the longevity of the student loan itself.  For instance, federal student loans which exist for 25 years or more are automatically forgiven.  Hearing this news has created several questions.   One important question which comes to mind is this.  How does this new change effect pre-existing borrowers?  Does this rule apply to them or does it only apply for new borrowers?

           Any shared insights, multimedia clips, web site links, etc. addressing this question will be greatly appreciated.  While I have done some research into this matter, I have not found any literature which talks about the 25 year student loan forgiveness program in detail.

           Thanks so much in advance for everyone's attention to this question.  I look forward to reviewing any information submitted in response to this post.

           George
0
Comment
Question by:GMartin
2 Comments
 
LVL 11

Accepted Solution

by:
speed_54 earned 500 total points
ID: 40310965
0
 

Author Comment

by:GMartin
ID: 40319818
Hello and Good Afternoon,

             Thank you so much for the resourceful links given in response to my question.  I will be printing out the information contained within the links for future reference.

              George
0

Featured Post

Is Your Active Directory as Secure as You Think?

More than 75% of all records are compromised because of the loss or theft of a privileged credential. Experts have been exploring Active Directory infrastructure to identify key threats and establish best practices for keeping data safe. Attend this month’s webinar to learn more.

Question has a verified solution.

If you are experiencing a similar issue, please ask a related question

Suggested Solutions

Title # Comments Views Activity
How can I copy my DVDs to MP4 file format on my Macbook? 16 137
Change management best practice 2 115
Permutation and Combination 9 72
Xerox Work Centre 7556 scan to email setup 2 33
If you get continual lockouts after changing your Active Directory password, there are several possible reasons.  Two of the most common are using other devices to access your email and stored passwords in the credential manager of windows.
Digital marketing agencies have encountered both the opportunities and difficulties that emerge from working with a wide-ranging organizations.
Notifications on Experts Exchange help you keep track of your activity and updates in one place. Watch this video to learn how to use them on the site to quickly access the content that matters to you.
Articles on a wide range of technology and professional topics are available on Experts Exchange. These resources are written by members, for members, and can be written about any topic you feel passionate about. Learn how to best write an article t…

863 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question

Need Help in Real-Time?

Connect with top rated Experts

24 Experts available now in Live!

Get 1:1 Help Now