Biden to Extend Student Loan Moratorium through August

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If you were dreading getting ready to resume your student loan payments in May, you have more of a reprieve. You can use this time, however, to make plans for making payments in the fall. If you’re not sure what to do, we have some advice to prepare yourself. If you’ve already gone through the effort to get ready to resume payments, you’re in a good place for when they do in September. Enjoy the extra cash you were expecting to pay, and consider saving it towards something nice for yourself!

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New Possibilities Ahead for Student Loan Forgiveness

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In the meantime, your best bet is to take advantage of existing programs such as the Limited Waiver Opportunity for PSLF. If you have any questions about it, we’re always here to help you with your specific needs!

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Filing out the PSLF help tool

Qualifying for Loan Forgiveness the Easy Way: The PSLF Help Tool

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The PSLF Help Tool is designed to guide borrowers through the steps of determining if their employment qualified them for PSLF, making sure they’re on the right repayment plan, and filling out the ECF properly.

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A person opening the gift of Public Service Loan Forgiveness for themselves and their family

The Gift of PSLF for Future Generations

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We and our partners are working to make sure that PSLF stays strong, works better, and endures. You may not be able to wrap it and tie a bow around it, but—for many—PSLF is a gift that keeps on giving, and one that can last for generations.

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In the News: What in Tarnation is an FFEL Loan?!

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Under the recently announced Limited Waiver Opportunity for PSLF, FFEL borrowers have an opportunity to pursue PSLF without restarting the clock. As long as the other conditions for PSLF were met—full-time employment at a public service organization like a 501(c)(3)—previous payments made on FFELs will count towards PSLF as long as they are consolidated before October 31, 2022 and submit the appropriate employment paperwork.. Finally, borrowers under this orphaned loan program will be able to enjoy PSLF without the added hurdle of 10 extra years of repayment.

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A guy searchingi n the dark for the correct student loan solution to his qualifying payment problem.

Missing QPs: Real-life Solutions for Nightmare Problems

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If your QPs go missing, don’t panic! It’s usually a simple mistake that can be corrected with a little patience. If this happens to you, give us a call—we’re here to guide you through thick and thin!

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Skeleton screaming in horror at his missing qualifying payments for student loans to qualify for public service loan forgiveness

Spooky Student Loans: The Case of the Missing QPs

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She pulled up last year’s form, which she had saved to the cloud. It looked identical to this year’s—just the date was changed—no new qualifying payments, 12 shy of the number she expected. Her heart sank: this was wrong. Was it her fault? Did she forget something? How could this have happened? Almost worse than the results was the fact that now she would have to call. She’d have to dial her servicer, sit on hold, and be told that she’d made a mistake.

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PSLF changes coming to public service loan forgiveness borrowers

Big Changes Coming to Public Service Loan Forgiveness

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As borrowers make plans to resume making student loan payments in February, they may have questions about who will be servicing those loans. We learned earlier this year that two large student loan servicers—PHEAA and Granite State—would no longer service federal student loans. The former, through its subsidiary FedLoan, is responsible for all borrowers pursuing Public Service Loan Forgiveness, a program that has been under intense scrutiny throughout the student debt crisis. Just last month, yet another major servicer—Navient— announced that it would no longer manage federal loans, transferring them to another company.

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Embattled Student Loan Servicers Are Jumping Ship

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As borrowers make plans to resume making student loan payments in February, they may have questions about who will be servicing those loans. We learned earlier this year that two large student loan servicers—PHEAA and Granite State—would no longer service federal student loans. The former, through its subsidiary FedLoan, is responsible for all borrowers pursuing Public Service Loan Forgiveness, a program that has been under intense scrutiny throughout the student debt crisis. Just last month, yet another major servicer—Navient— announced that it would no longer manage federal loans, transferring them to another company.

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Buying a Home with Student Loans

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Good news for Navigate clients: many lenders accept the monthly student loan payment estimates we run with you for DTI purposes. That way, we can help you avoid taking your loans out of COVID forbearance!

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