Teachers have four loan forgiveness program options if they have federal student debt: Public Service Loan Forgiveness, Teacher Loan Forgiveness, Perkins Loan Cancellation for Teachers, and state-sponsored student loan forgiveness programs. Know which ones you may be eligible for and learn tips for weighing the options.
(more…)On Jan. 20, 2021, the 0% student loan interest rate and suspension of payments on federal student loans owned by the Department of Education (ED) were extended through at least Sept. 30, 2021. These relief measures began on March 13, 2020, and below you’ll find a recap of the resulting repayment flexibilities for student loan borrowers and relevant considerations.
Check out StudentAid.gov/coronavirus for the latest updates.
(more…)On Jan. 20, 2021, the 0% student loan interest rate and suspension of payments on federal student loans owned by the U.S. Department of Education (ED) were extended through at least Sept. 30, 2021. These relief measures began March 13, 2020.
Check out StudentAid.gov/coronavirus for the latest updates.
As a reminder, all official and legitimate loan forgiveness options can be found on our site.
If you’re considering or already participating in Public Service Loan Forgiveness (PSLF) or Temporary Expanded Public Service Loan Forgiveness (TEPSLF), you may have questions about how this suspension of payments or other Coronavirus-related changes will impact your progress.
Before we look at those impacts, check out the eligibility requirements for PSLF.
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Ah, deadlines: sworn enemy of students across the nation. When you’re busy with classes, extracurricular activities, and a social life, it’s easy to let the three Free Application for Federal Student Aid (FAFSA®) due dates you need to know about – 1. the college deadline, 2. The state deadline, and 3. The federal deadline –whoosh by. Exam, term paper, Spanish club meeting…We get it.
Nevertheless, we’re here to point out a few more critical commitments to add to your calendar: FAFSA deadlines. Read on to find out what happens if you miss them.
Many students and their families must obtain federal student loans to pay forhigher education. But how much should you borrow and which repayment plan is best for you? Use the student loan calculator from the U.S. Department of Education’s office of Federal Student Aid called Loan Simulator to find out.
If you made federal student loan payments in 2020, you may be eligible to deduct a portion of the interest paid on your 2020 federal tax return. This is known as a student loan interest deduction. Below are some questions and answers to help you learn more about reporting student loan interest payments from IRS Form 1098-E on your 2020 taxes and potentially get this deduction.
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There are manageable ways to pay off your student loans more efficiently and ensure you are getting the most out of each payment.
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If you’ve seen an ad or received a call from a debt relief company promising to pay off your loans, don’t take them up on it.
The U.S. Department of Education (ED) offers some legitimate student loan forgiveness programs and ways to lower your student loan payments–all free to apply for through your official loan servicer.
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You’ll have a better chance at receiving money for college if you avoid several common mistakes when filling out your Free Application for Federal Student Aid (FAFSA®) form, such as not completing it on time, not filling it out correctly, or forgetting to sign and submit, among others.
By Mark Brown, former Chief Operating Officer, Federal Student Aid
Just a couple months ago, I promised to keep you updated about all the ways Federal Student Aid (FSA) is making your experience with us better. I’m excited to share that today we launched a few incredibly beneficial tools that make it easier than ever to understand the aid you’ve received and navigate your repayment options.
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