Solved

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

Posted on 2014-09-08
2
101 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
[X]
Welcome to Experts Exchange

Add your voice to the tech community where 5M+ people just like you are talking about what matters.

  • Help others & share knowledge
  • Earn cash & points
  • Learn & ask questions
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

Free Tool: SSL Checker

Scans your site and returns information about your SSL implementation and certificate. Helpful for debugging and validating your SSL configuration.

One of a set of tools we are providing to everyone as a way of saying thank you for being a part of the community.

Question has a verified solution.

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

Suggested Solutions

Title # Comments Views Activity
What do you do to fight junk and spam in Hotmail and Outlook 22 142
keyword rich ebay title, description 2 67
video production software 3 55
Rear View Camera 27 49
EE introduced a new rating method known as Level, which displays in your avatar as LVL. The new Level is a numeric ranking that is based on your Points. This article discusses the rationale behind the new method and provides the mathematical formula…
Gift cards are not a new concept - it's been around for a very long time.  Undoubtedly, over the past you have received such a card or purchased one for a friend or relative.  Are you aware that you've been feeding the machine?  If not, read on :)
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…

739 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