Student Loan Repayment Paused Until May 1, 2022
Good news for borrowers! President Biden has extended the pause on student loan repayment until May 1, 2022. Previously, the pause was set to end on January 1, 2022. According to the White House press statement released on December 22, more »
Dept of Education’s PSLF Promise and PSLF Waiver Batches
Due to the hiccups (AKA mistakenly sent rejection letters) from FedLoan Servicing in processing the new PSLF Waiver guidance, the Department of Education issued a “PSLF Pledge” that the PSLF Waiver will happen and for student borrowers to be patient more »
Limited Waiver Rejections
About a month ago, on October 6, 2021, the Department of Education announced a limited PSLF waiver (StudentAid.gov/PSLFWaiver), where all payments by student borrowers would be allowed to count toward PSLF, regardless of loan program or payment plan. Unfortunately, the more »
US Dept of Education Overhaul of PSLF
The US Department of Education has announced in its press release today some major improvements to the PSLF program. Let’s get a breakdown: A limited PSLF waiver (StudentAid.gov/PSLFWaiver)This allows all payments by student borrowers to count toward PSLF, regardless of more »
Upcoming Fixes to PSLF
According to NPR and their Department of Education source, PSLF will have a few changes coming up next week: Did you make payments on disqualified loans like FFEL loans? You can count it, for a limited time, if you apply more »
Automatic Interest Waiver for Service Members
It looks like we have another announcement coming in! On August 20, 2021, the Department of Education made another beneficial announcement for service members: automatic interest waivers. Previously, service members would have to actually apply for the interest waiver, but more »
Disability Student Loan Discharges
On August 19, 2021, the US Department of Education announced that it will automatically wipe out (discharge) student loans of borrowers with total and permanent disability (TPD). This will benefit around 323,000 borrowers beginning in September 2021 via matching to more »
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 more »
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 more »
FedLoan Servicing, Official Servicer for PSLF, Not Renewing Contract With Dept of Education
PHEAA (Pennsylvania Higher Education Assistance Agency), which conducts its student loan servicing operations for federally-owned loans as FedLoan Servicing, announced in its press release on July 8, 2021 that it’s not renewing its contract as the PSLF service. PHEAA/FedLoan Servicing’s more »