Blog Archives

Department of Education Fixes to Student Loans

In a press release on April 19, 2022, the Department of Education announced several fixes to student loan programs that have plagued student borrowers. These changes are automatic and borrowers may not see the changes until end of 2022. “Additional more »

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Student Loan Repayments Pause Extended Until August 31, 2022

After many rumors swirling, the Department of Education has announced today, April 6, 2022, that the student loan repayment pause will be extended once again. This continues the pause that began in March 2020, marking over two years of pause: more »

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Posted in blog, COVID-19

New PSLF Data from Dept of Education

The Department of Education has released new PSLF data from November 9, 2020 to January 31, 2022 and November 9, 2020 to February 28, 2022. Around 99.6-99.7% of ECF’s that met the requirements resulted in an updated count. Around 1.6-1.7% more »

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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 »

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Posted in blog, COVID-19

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 »

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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 »

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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 »

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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 »

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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 »

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PSLF: Clergy & Religious Workers Qualify

Back in August 2020, the Department of Education issued Final Regulations, which allowed PSLF applicants to count their hours spent on religious activities (see our previous post, mostly the same as below). Now those regulations are effective today, July 1, more »

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