Important Loan Repayment Information
Student Loan Repayment Pause Has Ended
Student loan interest resumed on September 1, 2023, and loan payments were due starting in October 2023. You should have started receiving notifications from your loan servicer. For more information on loan repayment, please visit: https://studentaid.gov/announcements-events/covid-19 or contact your federal loan servicer to discuss your options, should you be unable to resume loan payments. If you are not sure who your loan servicer is or how to contact them, please click to watch this short video to learn how to access your Financial Aid Summary page on StudentAid.gov to find your loan servicer and their contact information.
SAVE Repayment Plan
Some good news is that the Department of Education is launching a new, helpful repayment plan that could assist you named Saving on a Valuable Education (SAVE) Plan. Please visit: https://studentaid.gov/announcements-events/save-plan for details on this new repayment plan. We highly recommend you contact your loan servicer if you are interested in the SAVE repayment plan.
You can sign up for the SAVE Plan by visiting: https://studentaid.gov/idr/ You will need your FSA ID Username and password to log in to studentaid.gov and complete your application.
WARNING: If you receive any phone calls, emails, or letters offering you any type of loan forgiveness, please DO NOT provide any of your personal information. The Department of Education and your federal loan servicer will never ask you for any personal information related to any debt relief. You can apply for legitimate loan forgiveness programs at NO COST. You never have to pay for help with your federal student loans. Students are highly encouraged to not engage with any scam calls or messages. If you think that you have received a scam call, you can register for the National Do Not Call Registry. However, if messages persist, you can report the calls to the FTC and give context about the messages you’re receiving. And if you do have questions about your student loan payments and forgiveness, you should contact your federal loan servicer directly.
If you would like to be notified by the U.S. Department of Education on any of the information we provided or updates, please sign up to receive notifications by visiting, https://www.ed.gov/subscriptions or clicking on: the Department of Education subscription page. They will be the best source for information as more details become available.