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Department of Education announced this week that its Office of Federal Student Aid (FSA) will resume collections on defaulted federal studentloans beginning Monday, May 5, 2025, ending a pause that has been in effect since March 2020. The book is scheduled to be released in September 2025. Additionally, nearly 1.9
On March 26, 2025, the Department of Education reopened the online application for Income-Driven Repayment (IDR) plans for federal studentloan borrowers. This follows a very stressful period for studentloan borrowers. On February 21, the Department pulled down the IDR application.
New Mexico's Higher Education Department has announced that it is accepting applications for a program that will provide up to 100 percent studentloan forgiveness for New Mexico residents who graduated from one of the 23 out-of-state professional and graduate programs.
Interest begins to accrue from the time the loan is disbursed, and borrowers are responsible for paying all of the interest. Application Process The process of applying for Federal Direct Loans begins with the completion of the Free Application for Federal Student Aid (FAFSA) and submitting it to the ED.
On December 20, 2024, the Department of Education announced that it is temporarily pausing the processing of Total and Permanent Disability (TPD) discharge applications. The TPD processing pause will last from December 20, 2024, to early March 2025. What is the Total and Permanent Disability (TPD) Discharge Program?
If you’re planning on attending college and need financial aid, then filling out your Free Application for Federal Student Aid (FAFSA ) is an essential step. For the 2024-2025 FAFSA, the federal deadline is June 30, 2025. So, if you have to correct your application all, you want more time to do so.
This time of year means that college applications are in full swing for high school seniors! There’s paperwork to submit, essays to write, and financial aid applications to send in. The most important financial document that students will file with their families this fall is the FAFSA, the Free Application for Federal Student Aid.
The world of financial aid can be daunting, especially when it comes to understanding the Free Application for Federal Student Aid (FAFSA). This form is one of the most important for students and families to file, if not the most important form to be completed. It’s important to file this form accurately as soon as possible.
Updates to the FAFSA Have Delayed College Financial Aid for Millions The Free Application for Federal Student Aid (FAFSA) has undergone some major updates for the 2024-2025application cycle. Unfortunately, many families and students are wondering exactly where the FAFSA is. When is the FAFSA due?
A Soft Launch of This Year’s Financial Aid Application is Causing Frustration For months, parents, students, and financial aid experts alike have been waiting for the 2024-2025 FAFSA to go live. The Education Department opened the FAFSA this month – in a soft launch that’s causing confusion and frustration for applicants.
How the FAFSA is Making Financial Aid More Accessible to Families Nationwide In the last year and a half, the Free Application for Federal Student Aid – or FAFSA – has undergone major changes to make the application easier to complete for students nationwide. Who should file the FAFSA? That’s a huge change!
Be Prepared for a Fast Financial Aid Application Cycle It’s a well known fact that the “early bird gets the worm” and as I’ve talked about often on the blog, the earlier you submit your financial aid paperwork, the better chance you have of more funding for college. As soon as the application opens, be prepared to submit your paperwork.
However, with the release of the 2024-2025 FAFSA, families, students, and financial aid offices alike are hopeful that the once complicated application will be easier to complete and process. Instagram: For the last 40+ years, students and families have been frustrated by the process of filing the FAFSA.
There’s normal school work and extracurriculars, as well as the various deadlines for applications and financial aid. It’s a lot for any student to keep track of. With that in mind, here’s a few deadlines to track for your financial aid and college applications. Access usually begins with filing a FAFSA.
From admission applications to financial aid forms, staying organized and aware of key dates is crucial when you’re applying for college. This guide outlines the essential deadlines you need to know to master the college timeline and ensure a smooth application process. Pay close attention to when you can submit the applications.
Do you already know that when the national pause on studentloan payments ends you’ll be faced with monthly payments you can’t afford? Want a solution that leads to affordable payments and potentially even studentloan forgiveness? You may also consider refinancing your studentloans.
There’s an application process and forms you need to file to pay for your college education. Before you begin applications this fall as a high school junior, there’s a few things you should know! The application for the 2025-2026 cycle should be online October 1, 2024. The early bird gets the money!
As the gateway to federal financial aid for college, the Free Application for Federal Student Aid (FAFSA) is a crucial step for students and their families in securing funding for higher education. This year, in particular, has presented many students for families seeking aid for college.
This has been the biggest update in 40 years for the FAFSA and we’re all ready to see what the new application looks like. Here’s what we do know about the updated FAFSA and your student’s college financial aid process so far: Applicants will be able to pull data from their tax returns. Are there any format updates to the FAFSA?
Perhaps one of the biggest pros of the SAI is that more students will be able to receive access to Pell Grants. Starting this year, applicants who don’t qualify for a max Pell Grant if their SAI is less than the maximum grant amount. In the past years, families with more than one student in college received benefits.
The FAFSA: Your First Step to Financial Aid The Free Application for Federal Student Aid (FAFSA) is your starting point. It opens doors to federal grants, loans, and work-study opportunities. If you want to read some of my tips to prepare for the 2025-2026 FAFSA, check out recent blogs here! The good news?
Department of Educations efforts to reduce studentloan burdens through the new SAVE repayment plan. In this post, we explain where things stand as of March 20, 2025 in the SAVE litigation. In Part 2, we break down exactly what the recent court orders mean for studentloan borrowers.
A Parent PLUS Loan (PPL) is a Federal studentloan program that helps parents finance their dependent children’s college education, making it a vital resource for families facing rising college costs. However, the credit check for a PPL is less stringent than those for private studentloans.
Department of Educations efforts to reduce studentloan burdens through the new SAVE repayment plan. As a result, borrowers options to manage their loans have changed repeatedly and often quite suddenly. This has been frustrating and confusing for people trying to manage their loans. Borrowers can apply online here.
How to Update Your Financial Aid Application to Reflect Your Current Income One of the most important steps in applying to college is completing the FAFSA, which will open in December. That means on the 2024-2025 FAFSA, numbers will be gathered from your 2022 tax return. Best College Financial Aid Advisors.
On April 8, President Biden released the details of his new studentloan debt forgiveness plan. Although the new regulations aren’t expected to fully take effect until July, 2025, the ED is considering taking action to expedite parts of the plan. Department of Education (ED).
On April 8, President Biden released the details of his new studentloan debt forgiveness plan. Although the new regulations aren’t expected to fully take effect until July, 2025, the ED is considering taking action to expedite parts of the plan. Department of Education (ED).
Studentloan forgiveness can wipe out part or all of your studentloan debt. The big news on the studentloan forgiveness front is that the federal government plans to forgive up to $10,000 in federally held student debt, or up to $20,000 if you previously received a Pell Grant. ( See more below ).
In response to new court decision in February 2025, the Department has temporarily suspended the application process for all income-driven repayment (IDR) plans, including the Income-Based Repayment (IBR) plan, Pay As You Earn (PAYE) plan, Income-Contingent Repayment (ICR) plan, and the SAVE plan.
Completing the FAFSA is one of the first steps that students and families must complete to start their journey to college. Through this application, schools determine how much funding a student is eligible for. This includes federal loans, grants, and work study programs.
This week, the Department of Education announced that it plans to begin forced collection on federal studentloans that are in default as soon as May 5, 2025. million people have federal studentloans in default, and another 4 million are at risk of defaulting later this year. As of now, 5.3
Applications to and enrollment in HBCU institutions have continued to increase. The California State University system has announced a direct admissions pilot program to begin in 2025. Enrollment will begin in fall 2025. That is a headline worth celebrating, he said. Such relief is not available to everyone.
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