Government eases student loan rules for Harvey victims

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WASHINGTON (AP) – The Schooling Division is easing monetary help guidelines and procedures for these affected by Harvey.

The division is encouraging college students whose monetary wants have been altered by the storm to contact their faculty’s monetary help workplace. The company says in a press release that faculties and profession faculties might be allowed to make use of “skilled judgment” to regulate a scholar’s monetary info within the aftermath of Harvey.

A faculty might even have the ability to waive sure paperwork necessities if paperwork have been destroyed within the flooding.

The division says debtors struggling to repay loans due to Harvey ought to inform their mortgage servicers – they usually’ve been directed to provide debtors flexibility in managing mortgage funds.

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