News & Events

September 2nd^th, 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

Two Income-Driven Repayment Options are Returning

Nov 18, 2024

Income-driven repayment (IDR) plans provide federal student loan borrowers with a sustainable way to lower their monthly payments. Among IDR plans, Pay As You Earn (PAYE) and Income-Contingent Repayment (ICR) became popular options to help borrowers reach forgiveness....

Student Loan Policy Changes Expected Under the New Republican Administration

Nov 8, 2024

The 2024 election has handed control of the White House and Senate to the Republican Party, with a potential GOP majority in the U.S. House of Representatives. The incoming administration is expected to introduce federal student loan policy changes to undo forgiveness...

SAVE Plan’s Legal Jeopardy Continues and Joint Consolidation Loan Separation

Nov 1, 2024

Student Loan Forgiveness Court Challenges Continue Last week, the 8th Circuit panel of judges questioned the Biden administration's authority under the Higher Education Act to grant debt forgiveness in the Saving on a Valuable Education (SAVE) plan. The SAVE plan has...

Student Debt Relief Based on Hardship: New Rules Proposed for 2025

Oct 25, 2024

The Biden Administration continues to push new student debt relief efforts. On October 25, the U.S. Department of Education released a press release announcing a set of proposed rules that, if finalized, would authorize student loan forgiveness for nearly eight...

These Student Loan Borrowers Are Not Making Payments

Oct 18, 2024

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

Oct 11, 2024

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)

Oct 4, 2024

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

Sep 13, 2024

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

Sep 6, 2024

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

Aug 12, 2024

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...