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IDR Recertification & COVID-19 Strategy

If you’re on an income-driven repayment (IDR) plan, you probably received the following e-mail from the Department of Education, asking you if you would like to recertify your IDR plan early, before your scheduled recertification date: Recently, you received a more »

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PSLF: COVID-19 Suspension of Payments Strategy

The COVID-19 relief for student loan borrowers gives all borrowers an automatic temporary suspension of payments until December 31, 2020.  If you’re in PSLF, that means that during these months until December 31, 2020, you don’t have to pay anything, more »

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COVID-19 Forbearance and PSLF

The Department of Education has updated their site with more information about PSLF and IDR during COVID-19. The good news is that suspended payments count toward PSLF! See below for more info: From FedLoan Servicing: Public Service Loan Forgiveness (PSLF) more »

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PSLF $0 Payments: For Real?

Short answer, yes! Many times, borrowers are confused as to whether $0/month payments count towards PSLF. If the borrower’s income level is low enough, the income-driven repayment plan (IDR) will place the borrower in a $0/month repayment schedule. Usually borrowers more »

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PSLF Recount Problems

We’ve seen many horror stories about completing PSLF recounts. Sometimes recounts are needed when borrowers switch repayments plans, switch loan servicers, consolidate, split loans, it seems just about any transaction under the sun! Usually the wait time for PSLF recount more »

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