Blog Archives

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 more »

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Posted in blog, COVID-19

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, more »

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Posted in blog, COVID-19

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 more »

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Posted in blog, COVID-19

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 more »

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Posted in blog, COVID-19

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 more »

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Posted in blog, COVID-19

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 more »

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Posted in blog, COVID-19

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 more »

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Posted in blog, COVID-19

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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Posted in blog, COVID-19

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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Posted in blog, COVID-19

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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Posted in blog, COVID-19