Student loan payments are due again for most borrowers soon, but some people who have been paying for years are having their loans forgiven.
WASHINGTON — Karin Engstrom thought she’d be paying off her federal student loans for the rest of her life. The 82-year-old was shocked when she logged on to check her balance ahead ofShe's one of 804,000 borrowers who will have a total of $39 billion forgiven under a one-time adjustment granted by the Biden administration. It's for people inwho have been paying back loans for 20 or 25 years but who never received credit for late or partial payments.
The letter listed two original federal loan amounts of $30,067.45 and $45,729.97 — now gone, along with accumulated interest that more than doubled her total. Engstrom worked until recently as a substitute teacher and teacher's aide, and had previously been a professional photographer.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fight between two students ends with one trying to stab the other with pencilThe 17-year-old student tried, but failed, to stab the other student with a pencil.
Read more »
After years of payments, 804,000 borrowers are having their student loans forgivenStudent loan payments are due again for most borrowers soon, but some people who have been paying for years are having their loans forgiven.
Read more »
Doctoral student with ‘obsession’ flew to D.C. to kill her ex-boyfriendNijinsky Dix, a doctoral student and director of two student-services programs at the University of Notre Dame, was sentenced Friday to 18 years in prison.
Read more »
Budgets and expenses may be changed as student loan payments resume soonRochester, N.Y. (WHAM) — After being frozen by the government since March 2020, both federal and private student loan payments will resume Sunday.More than 43 m
Read more »
College student arrested for throwing sticks and beer cans at a bus shelter: University Hts.University Heights police arrested a local man, 40, for allegedly assaulting the mother of his child at a Cranston Road home.
Read more »