Student Loan Borrowers Should Do These 7 Things Before January

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Borrowers should start taking steps now to maximize their student loan forgiveness opportunities and prepare for repayment in January.

While most federal student loans have been on pause since March 2020, much has changed within the federal student loan system. Multiple loan servicers have left the Department of Education’s Federal Student Aid system, and new servicers have stepped in. Somewhere between 10 and 20 million borrowers have experienced loan servicing changes since the payment pause began — and many may not even realize it.

Borrowers should check on their current federal student loan servicer details by logging in to their Department of Education account at Borrowers seeking Public Service Loan Forgiveness — a student loan forgiveness program for borrowers working for nonprofit or government organizations — can only receive credit for “qualifying payments” if they submit PSLF Employment Certification forms. Borrowers must periodically resubmit a new certification form signed by their employer to get updated PSLF qualifying payment counts.

 

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Article is good, but it’s from 04NOV2022, and the student loan pause has been extended🙂

Flattered by your interest but am committed to existing talks so must decline

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