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A New Parent PLUS Loan After Double Consolidation? A Parent’s Guide to Access More Funding

Student Loan Planner

As a Parent PLUS loan borrower who successfully completed the double-consolidation loophole you’ve unlocked more affordable repayment plan options like IBR, PAYE, or SAVE. The… The post A New Parent PLUS Loan After Double Consolidation?

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The Income-Driven Repayment (IDR) Account Adjustment: Moving Millions of Borrowers Closer to Cancellation

NCLC Student Loan Borrower Assistance

One significant barrier between borrowers and an IDR plan was poor communication: loan servicers failed to tell borrowers that they were eligible to enroll in an IDR plan or provided them with inaccurate information about their repayment status and options. It can convert other types of federal loans into Direct Loans.

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Do I qualify for the PSLF limited waiver?

NCLC Student Loan Borrower Assistance

Typically, to have your loans canceled under the normal PSLF rules, you must: have Direct Loans, work full-time in a qualifying public service job, be in an income-driven repayment plan, . Under the waiver, you will receive credit for the time you were making payments on the old loans while you were working in a public service job.

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Public Service Workers: Take Action by October 31, 2022 To Take Advantage of Temporarily Improved Loan Forgiveness Rules

NCLC Student Loan Borrower Assistance

Fortunately, the Department of Education has temporarily relaxed the rules of the program so that many more borrowers can benefit and can get their loans canceled sooner—or even now. What Is the Public Service Loan Forgiveness Program? This will allow many borrowers to get their loans canceled sooner. .

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Is a Spouse Responsible for Student Loans? How Marriage Impacts Debt

Student Loan Hero

Understanding how marriage affects student loans can be tricky. For instance, you might wonder whether a spouse is responsible for student loans incurred before marriage, or what happens after a divorce. However, this depends on when the debt was acquired, who cosigned the loan and where you reside.

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The 2024-2025 FAFSA is Live – Or Is It?

CFAA College Financial Aid Advisors

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. Let’s talk about what’s going on and how this impacts financial aid applications for students nationwide. For the past year (plus!),

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When Is the FAFSA Due? 3 Essential Deadlines

Student Loan Hero

The Free Application for Federal Student Aid (FAFSA) opens on Oct. Plus, you can make corrections or updates until Sept. Most students file the FAFSA much closer to the date it opens than the date it closes. This most often happens when a wealthy student has a change in family financial circumstances (e.g., 1 every year.

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