NCLC Student Loan Borrower Assistance

MARCH 28, 2025

On March 26, 2025, the Department of Education reopened the online application for Income-Driven Repayment (IDR) plans for federal student loan borrowers. This follows a very stressful period for student loan borrowers. Contact their loan servicer and ask to be placed in a processing forbearance.

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The College Pod

JANUARY 13, 2025

So, if you find you can't afford college without some amount of loans, it’s important to consider how much you borrow because you’ll have to pay it back later, with interest. Think of student loans as a double-edged sword. Federal Student Loans Federal student loans are usually the best place to start when borrowing for college.

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NCLC Student Loan Borrower Assistance

JANUARY 15, 2025

The TPD processing pause will last from December 20, 2024, to early March 2025. Total and Permanent Disability Discharge (TPD) is a loan discharge program that allows borrowers who are disabled and cannot work to have their federal student loans canceled. What is the Total and Permanent Disability (TPD) Discharge Program?

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Student Loan Planner

SEPTEMBER 15, 2023

If you have Parent PLUS Loans, you might not realize it, but you could be heading toward a cliff. Starting in 2025, the Department of Education will close a loophole that allows parent borrowers to find relief through income-driven repayment (IDR) and other programs.

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Student Loan Planner

AUGUST 26, 2024

Millions of student loan borrowers are about to confront soaring income-driven repayment (IDR) payments far higher than most realize, and it’s going to start happening in waves in 2025.

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College Aid Services

JANUARY 10, 2025

Update on January 10, 2025: We are providing an update on the implementation of the National Student Loan Data System (NSLDS) post-screening function for the 2024-25 FAFSA cycle. In July, the Department indicated that post-screening functionality would be available by the end of 2024.As

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Student Loan Planner

SEPTEMBER 13, 2023

After 10 years of working for a qualifying employer, borrowers get a nice “thank you” from the federal government in the form of student loan forgiveness. Your remaining loan balance after making 120 qualifying […] The post Do Parent PLUS Loans Qualify for PSLF?

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Student Loan Planner

MARCH 1, 2024

For many borrowers, this could mean that you don't have to share information about your current income until mid to late 2025. Borrowers who were asked to recertify already… The post IDR Recertification Deadline Delayed Until Late 2024: What it Means For You appeared first on Student Loan Planner.

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CFAA College Financial Aid Advisors

DECEMBER 30, 2024

For the 2024-2025 FAFSA, the federal deadline is June 30, 2025. More about Jodi and College Financial Aid Advisors Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid. You should aim to complete your FAFSA as soon as possible.

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CFAA College Financial Aid Advisors

OCTOBER 28, 2024

You can read more about the Student Aid Index here ! A Contributor on the FAFSA: “Contributor” is a new term on the 2025-26 FAFSA form. Note that SAI is not a dollar amount but helps schools determine your financial aid eligibility. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.

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Student Loan Planner

JUNE 8, 2024

Parent PLUS Loan borrowers have until July 1, 2025, to take advantage of the double-consolidation loophole, which provides access to all income-driven repayment plans — including the new SAVE plan. Because of this rule change, far fewer Parent PLUS borrowers will receive loan forgiveness after 2025. Here’s how.…

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CFAA College Financial Aid Advisors

DECEMBER 1, 2023

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 2024-2025 application cycle. Unfortunately, many families and students are wondering exactly where the FAFSA is. Still Want More Help?

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Diverse: Issues in Higher Education

SEPTEMBER 19, 2023

Billionaire Robert Smith’s pledge to pay off $35 million in student loan debt for the Morehouse Graduating Class of 2019 was not only transformational and liberating for those directly impacted, but it would also go on to cause a catalytic movement that resulted in several individuals to follow his lead.

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CFAA College Financial Aid Advisors

NOVEMBER 19, 2023

many students and families are left wondering how financial aid distribution will work for the 2024-2025 school year. 2024-2025 FAFSA Updates For the 2024-2025 college application cycle, the FAFSA will be open to students and family by December 31, 2023. Still Want More Help? Find out more in our blog!

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CFAA College Financial Aid Advisors

OCTOBER 21, 2024

The most important financial document that students will file with their families this fall is the FAFSA, the Free Application for Federal Student Aid. For the 2025-2026 application cycle, the FAFSA will come online in December. You may never know what aid your student can receive!

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CFAA College Financial Aid Advisors

JANUARY 9, 2024

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. Right now, the best thing families and students can do is finish filing their FAFSA for the 2024-2025 year. What happens now?

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CFAA College Financial Aid Advisors

DECEMBER 11, 2023

As we wait, it seems like the perfect time to review changes to the 2024-2025 FAFSA that will help you maximize financial aid -and your time filling out the forms! As a reminder, the FAFSA gathers information about your financial needs so your student can be offered work-study, grants, and student loans.

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Scholarship America

MAY 15, 2023

What about student loan repayments and forgiveness? While much is up in the air about student loan forgiveness, we do know that all student loans forgiven by December 31, 2025 will not be taxed. The tax-free status is also extended to employer provided student loan repayment assistance programs.

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CFAA College Financial Aid Advisors

JANUARY 3, 2024

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. Many families often decide to skip the entire process together, even though it’s necessary to file in order to receive financial aid.

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NCLC Student Loan Borrower Assistance

JULY 18, 2023

On Friday, July 14th, the Department of Education announced that it was sending notice to 804,000 borrowers who had spent 20 to 25 years in repayment on their federal student loans that their remaining balance would be canceled. However, they may have to report the cancellation for state tax purposes in a handful of states.

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Student Loan Planner

JULY 12, 2024

Until July 2025, Parent PLUS borrowers can obtain the best income-driven repayment (IDR) plans out there, including the Saving on a Valuable Education (SAVE) plan, if they consolidate their loans twice. This is called the double consolidation loophole.

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The College Pod

JUNE 8, 2024

The Student Aid Index (SAI) is an essential concept in the world of financial aid for college. It replaced the Expected Family Contribution (EFC) starting with the 2024-2025 Free Application for Federal Student Aid ( FAFSA ). What Is the Student Aid Index? Student Loans : Both subsidized and unsubsidized loans.

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CFAA College Financial Aid Advisors

JUNE 17, 2024

Federal student loans typically offer more favorable terms, such as fixed interest rates and flexible repayment options, compared to private loans. Additionally, federal loans may qualify for income-driven repayment plans and loan forgiveness programs, providing valuable assistance post-graduation.

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Scholly

APRIL 19, 2022

Do you already know that when the national pause on student loan payments ends you’ll be faced with monthly payments you can’t afford? Want a solution that leads to affordable payments and potentially even student loan forgiveness? You may also consider refinancing your student loans.

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CFAA College Financial Aid Advisors

DECEMBER 8, 2023

In the past years, families with more than one student in college received benefits. Starting with the 2024-2025 FAFSA cycle, that will no longer be the case. Families with several students in college at the same time will qualify for less aid overall. This is a great improvement for families in this situation!

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CFAA College Financial Aid Advisors

OCTOBER 14, 2024

But, due to recent changes in the form, this year’s FAFSA for the 2025-2026 school year will be available starting December 1st. More about Jodi and College Financial Aid Advisors Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid.

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CFAA College Financial Aid Advisors

SEPTEMBER 9, 2024

If you want to read some of my tips to prepare for the 2025-2026 FAFSA, check out recent blogs here! More about Jodi and College Financial Aid Advisors Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid.

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CFAA College Financial Aid Advisors

FEBRUARY 19, 2024

The application for the 2025-2026 cycle should be online October 1, 2024. More about Jodi and College Financial Aid Advisors Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid.

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CFAA College Financial Aid Advisors

AUGUST 26, 2024

FAFSA (Free Application for Federal Student Aid): The FAFSA should open on October 1st of this year (2024-2025 application cycle was different because of the new changes). Again, check your specific school(s) details for any school or state related financial aid.

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CFAA College Financial Aid Advisors

MAY 6, 2024

The 2024-2025 application cycle has been absolutely wild – so don’t take this year as an example of what the cycle is like. These delays are impacting all students, as they feel more rushed to make decisions about what to do – but low-income and first-generation students may feel this rush more deeply.

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CFAA College Financial Aid Advisors

DECEMBER 3, 2023

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. An exciting new update for the 2024-2025 FAFSA is that you’ll be able to automatically retrieve income from your taxes and the IRS.

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CFAA College Financial Aid Advisors

OCTOBER 23, 2023

It is best to file as early as possible, which will be in December for the 2024-2025 application cycle. Federal Deadline Technically you do have until June 30 to submit the FAFSA, but many financial aid funds could be deleted by then. There are also private scholarships which can provide additional money for your education.

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NCLC Student Loan Borrower Assistance

MARCH 20, 2025

Department of Educations efforts to reduce student loan 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 student loan borrowers.

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Student Loan Planner

MAY 15, 2025

The Biden administration’s Saving on a Valuable Education (SAVE) plan was supposed to make federal student loan consolidation a no-brainer. Under the new rule, you’d get credit based on the weighted average of payment counts across all loans you included in the consolidation.

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NCLC Student Loan Borrower Assistance

JANUARY 27, 2025

On January 16, 2025, the U.S. Department of Education announced that federal student loan borrowers can now, for the first time, see how many months of progress they have toward having any remaining balance on their loans cancelled through the Income-Driven Repayment (IDR) plans. Previously, only 50 (!)

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NCLC Student Loan Borrower Assistance

JANUARY 7, 2025

Department of Educations efforts to reduce student loan 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.

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College Planners of America

MAY 7, 2025

A Parent PLUS Loan (PPL) is a Federal student loan 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 student loans.

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