COVID-19 Blog Posts

  • COVID-19 Student Loan Repayment Pause Extended Until January 31, 2022
    Today, August 6, 2021, President Biden announced the pause on federal student loan repayments “one final time until January 31, 2022.” The key words may be “one final time,” so borrowers should plan accordingly. Biden’s statement reasons that this gives student borrowers more breathing room as the economy recovers: “On my first day in office in ...
  • PSLF Complaints & Comments
    The Department of Education is asking for your help on how to improve PSLF. They want your comments about COVID-19 affecting PSLF and how they can improve PSLF for you. Specifically, they want to know: Public Service & Student Debt 1. What are the direct and indirect effects of student debt on America’s public service workforce? 2. What ...
  • COVID-19: PSLF Forgiveness and Eligibility
    The COVID-19 relief measures have helped student borrowers save money during the suspended payment period beginning March 13, 2020- September 30, 2021. But what if your PSLF forgiveness period occurs during COVID-19 suspension? You hit the 120 monthly payments for PSLF! Does COVID-19 suspension affect your PSLF application? Let’s take a look at the responses ...
  • COVID-19: Refunds for Payments During Suspension
    Did you make a student loan payment during March 13, 2020 to September 30, 2021? You didn’t need to and could receive a refund! Under several COVID-19 relief measures, the suspension of payments was scheduled to last from March 13, 2020, through at least Sept. 30, 2021. How can I tell if my loan payments have ...
  • 3 Possible Areas of Student Loan Forgiveness
    During the US Senate Committee on Heath, Education, Labor & Pensions hearing for the nomination of James Kvaal to serve as Undersecretary of Education on April 15, 2021, we saw a few Congress members ask Mr. Kvaal questions about the Public Service Loan Forgiveness (PSLF) program. We’ve learned that the 3 areas of possible student ...
  • ED Official Blog: COVID-19 and PSLF
    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 which employer qualifies for PSLF. Check it out below or on the ED Blog: 1. Suspended ...
  • President Biden Extends Suspension of Student Loan Payments
    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 to pay for basic necessities and to provide for their families. They should not be ...
  • COVID-19: Employer Student Loan Repayment Extended to Jan. 1, 2026
    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 won’t need to pay income tax on the payments; the employer receives a payroll tax ...
  • COVID-19: Student Loan Forbearance Extended Until Jan. 31, 2021
    Good news for borrowers! The CARES Act borrower benefits that were scheduled to end on December 31, 2020 has now been extended another month until January 31, 2021. This means that borrowers can save extra money that otherwise would have been used to pay down their student loans during this time. See Dept of Education ...
  • COVID-19: Upload PSLF ECF’s
    COVID-19 has forced many to turn to digital formats for exchanges of information. Did you know you can directly upload PSLF ECF’s onto FedLoan Servicing’s website? Save yourself a stamp and a trip to the post office! Here’s how: Login to the FedLoan Servicing website. Click on the top right corner “File Upload.” Then, you can ...