"Some 3.6 million student loan borrowers will be given three years of credit toward eventual debt forgiveness, through a revision of payment counting for the Department of Education’s income-based repayment program, which it says will address “data problems and past implementation inaccuracies.”
The program was implemented in 1992 as a way for borrowers to use a portion of their income to pay off loans for 20 to 25 years and have their remaining balances forgiven at the end of that term, but almost no one has had their debt canceled via the program." via Forbes.com
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