December is always a prime month for financial housekeeping, and December 2024 saw record numbers of borrowers taking stock of their PSLF journeys. The DOE’s December 4, 2024 announcement urged borrowers to pull annual payment summaries from both their servicers…
By November 2024, many public service workers were seeing the combined benefits of SAVE and retroactive IDR credits directly in their household budgets. According to data shared in a November 12, 2024 press briefing, average payments for borrowers on SAVE…
Source: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service/questions The Department of Education has updated their PSLF FAQ section, but it since it requires expanding the answers, we thought it’d be helpful to have the fully expanded version available for text searches. Qualifying Employer – Q&As What…
The Department of Education has a new PSLF Reconsideration Request for borrowers who want to contest the PSLF ineligible employer status or qualifying counts. The form is available through the StudentAid.gov website here: Submit a reconsideration request. Details for the…
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…
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:…
We wanted to compile our previous posts on Donald Trump’s student loan positions below. Check back for updates. Donald Trump on Income-Based Repayment (IBR) and Loan Forgiveness On Wednesday, October 12, 2016, Donald Trump made his most detailed comments on…
As we mentioned before, keeping track of PSLF payments just got easier. The PSLF qualifying payments now appear on your paper statements. Here’s a scanned, redacted copy of what it looks like: The PSLF number on the statement lists only…
UPDATE: Take a look at our new post on the positions of the presidential candidates Donald Trump and Hillary Clinton. Let’s take a giant, semi-blind leap forward and take a guess at what would happen to student loans if either…