September 2ndth, 2022
- Time - 11:00 AM CST
- Length - 1 hour
During this session, we will cover updates to Federal student loan policies:
- Repayment Resumption
- Loan Forgiveness
- Servicer Changes
- IDR Payment Count Revisions
These Student Loan Borrowers Are Not Making Payments
The end of the federal student loan repayment grace period has been a financial rude awakening for millions of borrowers. After the pandemic-related pause on payments since March 2020, the Department of Education's 12-month "on-ramp" program, which temporarily...
Natural Disaster Relief for Student Loan Borrowers
Disaster relief for student loan borrowers is currently available for individuals impacted by FEMA-designated disasters, including Hurricane Helene and Hurricane Milton. If you're having trouble reaching your servicer or your school's financial aid office, contact an...
On-Ramp Ends and Biden’s “Plan B” Student Debt Relief Plan Blocked (Again)
The federal student loan "on-ramp" period officially ended at midnight on September 30. This on-ramp gave borrowers 12 months to adjust to making their student loan payments without negative consequences for missed payments. Many Student Loan Borrowers Did Not Make...
7 Million Student Loan Borrowers Unable or Unwilling to Make Payments During the On-Ramp
12-Month On-Ramp for Federal Student Loans to Expire Soon The Department of Education's 12-month on-ramp for federal student loans expires September 30th. The on-ramp prevents the worst consequences of missed, late, or partial payments, including negative credit...
Student Loan Defaults Expected to Spike with No Relief in Sight
Court Temporarily Blocks Biden Administration's Latest Debt Relief Plan This week, a federal judge granted a temporary restraining order against the Biden administration's student debt relief plan, which may lead to record-high student loan defaults. The Department of...
Court Extends Block on SAVE Plan
The 8th Circuit Court of Appeals has updated its temporary stay of the Saving for a Valuable Education (SAVE) income-driven repayment (IDR) plan and issued a preliminary injunction formally blocking SAVE. The Department of Education will place all borrowers currently...
SAVE Program Forbearance Period Won’t Count Towards Forgiveness
https://youtube.com/shorts/IT2Jg8GH5Ws Following several court decisions, the Education Department has suspended the SAVE program and placed SAVE borrowers into an administrative forbearance period. The SAVE program forbearance period will not count towards...
SAVE Plan Legal Challenges Continue
Student loan borrowers are confused over the SAVE plan, the new income-driven repayment (IDR) option scheduled to be fully rolled out earlier this month. The Saving on a Valuable Education (SAVE) Plan was a keystone in the Biden administration's promise to provide...
SAVE Plan Partially Blocked by Federal Court
Two federal judges have temporarily blocked parts of the SAVE student loan income-driven repayment plan. The SAVE Plan, (Saving on a Valuable Education) replaced REPAYE and was planned to be fully rolled out in July. Borrowers on SAVE can lower their monthly payments...
Go Beyond Student Loan Debt: Time for Real Education Financing Solutions
by Balaji Rajan Let’s face it. The focus on student loan debt is an election play and not a “good for the public” policy. This has been the case since 2008. Of course, student loan debt issues must be resolved. But as Education Analyst Carlo Salerno said, “You must...
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