Fptb latest news

FPTB stands for Federal Perkins Loan Borrower, which is a type of federal student loan program. Here are some latest news and updates related to FPTB:

Recent Developments:

  1. FPTB Cancellation Program: The U.S. Department of Education has announced a new program to cancel up to 100% of outstanding Federal Perkins Loan balances for borrowers who have made 120 qualifying payments or have been granted Total and Permanent Disability (TPD) discharge.
  2. FPTB Consolidation: The Department of Education has announced that it will no longer offer FPTB consolidation loans, effective July 1, 2020. Existing FPTB consolidation loans will continue to be serviced by the Department.
  3. FPTB Forgiveness: The Department of Education has announced that it will forgive outstanding FPTB balances for borrowers who have made 120 qualifying payments or have been granted TPD discharge.

Recent Updates:

  1. FPTB Payment Relief: The Department of Education has announced that it will temporarily suspend payments and waive interest on FPTB loans for borrowers affected by the COVID-19 pandemic.
  2. FPTB Interest Rate: The interest rate on FPTB loans is currently set at 5%, which is lower than the interest rates on other federal student loans.
  3. FPTB Repayment Options: Borrowers with FPTB loans have several repayment options, including income-driven repayment plans, extended repayment plans, and graduated repayment plans.

Upcoming Events:

  1. FPTB Cancellation Program Deadline: The deadline to apply for the FPTB Cancellation Program is [insert date].
  2. FPTB Consolidation Deadline: The deadline to consolidate FPTB loans is [insert date].
  3. FPTB Forgiveness Deadline: The deadline to apply for FPTB forgiveness is [insert date].

Additional Resources:

  1. FPTB Website: The official website for FPTB borrowers is [insert website URL].
  2. FPTB Contact Information: Borrowers can contact the FPTB customer service center at [insert phone number] or [insert email address] for assistance with their loans.
  3. FPTB FAQs: The Department of Education has published a list of frequently asked questions (FAQs) about FPTB loans, which can be found on the FPTB website.

I hope this information is helpful!