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Monthly Archives: January 2021

PSLF & Rising Income

Posted on January 26, 2021 by askHFTD

Did you know that if your income increases while you’re on IDR and PSLF, your monthly payment amount will also increases? Let’s take a look at an estimate of forgiveness based on adjusted gross income and overall federal student loan…

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ED Official Blog: COVID-19 and PSLF

Posted on January 20, 2021 by askHFTD

For those of you who didn’t know, the Department of Education has an official blog! It recently covered some COVID-19 and PSLF issues and we thought it was a good summary. The infographics are also very helpful, especially in determining…

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President Biden Extends Suspension of Student Loan Payments

Posted on January 20, 2021 by askHFTD

01/26/21 EDIT: See President Biden’s Statement/Release: “At the request of President Biden, the Acting Secretary of Education will extend the pause on federal student loan payments and collections and keep the interest rate at 0%. Too many Americans are struggling…

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COVID-19: Employer Student Loan Repayment Extended to Jan. 1, 2026

Posted on January 6, 2021 by askHFTD

In the most recent COVID-19 relief bill, Congress has extended the employer tax-free contribution until January 1, 2026. Your employer can pay you (employee) directly or your lender up to $5,250/year tax-free for both you and the employer. The employee…

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Posted in blog, COVID-19