By July 2024, momentum around IDR adjustments accelerated further. On July 15, 2024, the Department of Education published a detailed progress report at ed.gov/news/idr-update-july2024, confirming that over 800,000 borrowers had already received significant retroactive credits toward forgiveness. This announcement included…
In June 2024, the Department of Education intensified its promotion of the new SAVE plan, a repayment strategy designed to fully replace REPAYE. Announced via studentaid.gov/save on June 12, 2024, the plan promised lower monthly payments and dramatically improved interest…
In late April 2024, the Department of Education rolled out its first major batch of IDR account adjustment notices, a move initially launched in 2023 but gaining serious traction this spring. According to an update posted on studentaid.gov on April…
The Dept of Education announced in April 2024 that they will begin to shift PSLF customer service to the Department of Education. This transition aims to speed up application processing and enhance customer service. After the improvements, all PSLF information…
Source: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service/questions The Department of Education has updated their PSLF FAQ section, but it since it requires expanding the answers, we thought it’d be helpful to have the fully expanded version available for text searches. Qualifying Employer – Q&As What…
The Department of Education has a new PSLF Reconsideration Request for borrowers who want to contest the PSLF ineligible employer status or qualifying counts. The form is available through the StudentAid.gov website here: Submit a reconsideration request. Details for the…
Good news for PSLF! President Biden has extended the student loan repayment pause, probably in response to the courts holding up the 10K/20K forgiveness. If the 10K/20K forgiveness “program has not been implemented and the litigation has not been resolved…