"Thousands of current and former active-duty military service members will retroactively see their student loan interest waived, the Department of Education (ED) announced late last week. Through data matching with the Department of Defense (DOD), service members will not be required to take any action to receive the recently announced benefit. Prior to this automation, service members had to make individual requests for the benefit and provide additional information confirming their eligibility. The move will apply to more than 47,000 current and former active-duty military service members, though ED did not detail how much interest accrual in total would be retroactively cleared." Learn more here.

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