What Wisconsin Borrowers Should Know About Biden’s New Student Loan Repayment Plan
"Student loan borrowers are bracing for the resumption of monthly payments Oct. 1. A new program rolled out by the Biden administration may help," The Milwaukee Journal Sentinel reports.
... "The National Association of Student Financial Aid Administrators offers a few tips to keep in mind as you prepare for the return of loan payments:
- Never pay for help. Your student loan servicer will provide you with free assistance. There are free public resources available through the Department of Education and federal student loan servicers to help borrowers find the right repayment plan, consolidate their loans or explore deferment or forbearance options.
- Know your student loan servicer. If you don’t know who your servicer is, log onto StudentAid.gov and visit the “My Loan Servicers” section of your dashboard.
- Be wary of urgent communications. Scammers attempt to extract personal information by creating a false sense of urgency. Federal student loan relief programs, including income-driven repayment plans, are based on eligibility requirements, not deadlines."
NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 9/26/2023