Borrower News
Resources and Info for Student Loan Borrowers
The last several years have brought many changes to student loan repayment. That’s likely to continue into the near future. We’ll keep you up to date with the information that’s most relevant to you.
SAVE Plan Suspended
The SAVE Repayment Plan is currently suspended. What does that mean for the nearly 8 million borrowers enrolled in the plan?
SAVE Repayment Plan Offers Low Monthly Payments, Less Paperwork
After years of inflation and stagnating wages, student loan borrowers could use some help. In response, the Department of Education (ED) has announced a repayment plan that offers much lower monthly payments.
How Does Income-Driven Repayment Work?
If you’re finding it hard to keep up with your monthly bills and stay current on your student loans, don’t panic! You have options. One of the best may be an Income-Driven Repayment (IDR) Plan.
How to Deal with Student Loan Servicer Long Hold Times
Contact centers operated by student loan servicers and Federal Student Aid (FSA) are overwhelmed. When the payment pause ended, a system designed to support 325,000 new borrowers per month was overrun by 30 million. The result is extremely long hold times for borrowers searching for help.
How Do Recent Loan Servicing Errors Impact You
When the payment pause ended, millions of borrowers got an unwelcome surprise. They were the victims of servicing errors resulting in missing, late, or inaccurate bills.
Save Money on Your Student Loans by Using Auto Pay
Enrolling in automatic payments for your student loans can save you money, ensure you never miss a payment, and eliminate the hassle of manually paying your monthly bill.
How Can I Avoid Student Loan Debt Relief Scams
Student loan forgiveness scams are on the rise. New payment relief plans have changed the normal rules surrounding student loans. That’s created confusion.
What Happened to Student Loan Forgiveness?
In July 2023, the Supreme Court ruled against the Biden-Harris one-time student loan forgiveness program. The Court didn’t oppose the idea of debt forgiveness. Instead, it found the Department of Education exceeded its authority by creating the program without Congressional approval.
Student Loan Payments Begin October 2023
The payment pause is over. In October, all borrowers will be required to make payments for the first time in over three years. What should you do?
How to Survive Student Loan Repayment in 2023
Your first monthly student loan payment is due in October 2023. Follow this step-by-step guide to get ready and learn what to do if you can’t afford your payment. Don’t wait! Thirty-million borrowers will enter repayment at the same time. Delaying will make it extremely hard to get help.
Understanding the Supreme Court’s Decision on Student Loan Forgiveness
After months of waiting, the Supreme Court has finally ruled on a case impacting student loan forgiveness. We look at the reasoning behind the Court’s ruling, and how it might impact future efforts to assist student loan borrowers.