Following the hearings in June, the Dept. of Ed. made a request for comments, an opportunity for borrowers pursuing PSLF to join the process. To amplify your voices, the Student Borrower Protection Center has partnered with a number of state and national organizations to collect borrower stories and send them on to Washington.
What can we do to change the culture around student debt? First off, we need to start talking about it.
With student loan payments resuming in less than two months, it’s a good idea to start preparing sooner rather than later.
With student loan payments resuming in less than two months, it’s a good idea to start preparing sooner rather than later.
On July 8th, the Pennsylvania Higher Education Assistance Agency (PHEAA) announced that it will not renew its contract with the Department of Education. After December 14th, they will no longer service the federal student loans, including those of PSLF pursuants.
For those pursuing PSLF, they’ve had the added benefit that these months of forbearance have counted toward their 120 qualifying payments required for forgiveness. The economy, however, remains fragile, and many are wondering what will happen as student payments resume in the coming months—not to mention the end of expanded unemployment benefits for millions of Americans.
So what’s the solution? Where do we go from here?
For those pursuing PSLF, they’ve had the added benefit that these months of forbearance have counted toward their 120 qualifying payments required for forgiveness. The economy, however, remains fragile, and many are wondering what will happen as student payments resume in the coming months—not to mention the end of expanded unemployment benefits for millions of Americans.
So what’s the solution? Where do we go from here?
There has been a lot of excitement and speculation around President Biden’s extension of the moratorium on student loan payments until October. One news source went so far as to publish a recent article titled “Biden’s Student Loan Freeze Shows Path to Erase Billions of Debt.” We know that Biden wants to address the student debt crisis, but we also want to be realistically optimistic about what that means. Your Navigate team is meeting with politicians on the Hill this week to discuss these very issues.
