New Approach to Your Student Loans

Turning over a New Leaf: Taking a New Approach to Your Student Loans

As most of us were rushing trying to purchase the last of our holiday gifts, the federal government came up with a last-minute present of its own: The moratorium on federal student loan repayment, initially set to expire on January 31 of 2022, was extended to April 30.

Student Loan Payment Freeze Extended Until May

Student Loan Payment Freeze Extended Until May

As most of us were rushing trying to purchase the last of our holiday gifts, the federal government came up with a last-minute present of its own: The moratorium on federal student loan repayment, initially set to expire on January 31 of 2022, was extended to April 30.

Student Loan Plans

New Year, New Plan for Your Student Loans? Maybe…

If you’ve already done the work of doing your research, gotten the best advice, and made a plan, it’s usually best to stick with it: keep filing your paperwork and wait for it to do it’s work. This is especially true if you’re pursuing Public Service Loan Forgiveness: changing strategies—such as consolidating or refinancing—can have major ramifications, ones that could extend repayment. 

Looking for Light on the Longest Night

Looking for Light on the Longest Night

As we navigate the gray, the charcoal, and even the rough black of deepening December darkness, I’m looking for the light. Just like the dormant scaly brown tubers of my dahlias will sprout and yield dazzling hues, I know that December will yield to fresh green May and shimmering June. We wish you a peaceful end to this dark and difficult year, with quiet and confident hope for a brighter one to come. Happy holidays.

Wrap Up Your Tax Year with a Student Loan Bonus

Wrap Up Your Tax Year with a Student Loan Bonus

For those on income-driven repayment plans (IDRs), your student loan payments are recalculated each year based on how much money you made the year before. This is typically done using your AGI, taken directly from last year’s 1040—you can even link your tax documents directly from the IRS when you submit your income recertification. By reducing your AGI through pre-tax contributions, you save the tax on the deferred income, your annual tax bill, and on your monthly student loan payment. Between the three, that can add up to significant savings!

Filing out the PSLF help tool

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

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.

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

The Gift of PSLF for Future Generations

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.

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

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.

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

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!

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

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.