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Federal Student Aid offers a platform to manage federal student loans and access various repayment options.
After September 10, 2024, if you have a HEAL Program Loan and are in default, or have general HEAL Program questions, contact ED’s HEAL Program Team at 1-202-297-5938 or HEAL@ed.gov with any questions or concerns regarding your debt. Submit payments using the free and secure electronic payment service at pay.gov.
The Supreme Court blocked the pandemic-related student loan debt relief (you may also know this as the forgiveness of up to $20,000 for Federal Pell Grant borrowers recipients). But you may be able to get help repaying your loans, including full loan forgiveness, through one of the federal student loan programs.
The interest rates shown are fixed for the life of the loan. Federal Loan Program. Program Details. Annual Award (subject to change) Direct Subsidized Loans. For undergraduate students with financial need. For loans first disbursed on or after July 1, 2022, and before July 1, 2023, the interest rate is 4.99%.
Direct Consolidation Loans that do not include PLUS loans (Direct or FFEL) made to parents. The Saving on a Valuable Education (SAVE) plan (formerly the REPAYE program) provides the lowest monthly payment amount of any Income-Driven Repayment (IDR) plan available to most borrowers. The SAVE plan differs from other IDR plans in several ways ...
Teachers with federal student debt have some loan forgiveness program options: Public Service Loan Forgiveness, Teacher Loan Forgiveness, Perkins Loan cancellation for teachers, and state-sponsored student loan forgiveness programs. Know which ones you may be eligible for and learn tips for weighing the options.
If your loans are held by the U.S Department of Education, you can take advantage of Fresh Start in one of the following ways. Phone —Call the Default Resolution Group at (800) 621-3115. Online —Visit myeddebt.ed.gov and follow the steps below. Mail — Write to P.O. Box 5609, Greenville, TX 75403.
If you’re employed by a government or not-for-profit organization, you might be eligible for the PSLF Program. The PSLF Program forgives the remaining balance on your Direct Loans. after you’ve made the equivalent of 120 qualifying monthly payments under an accepted repayment plan, and. while working full-time for an eligible employer.
The tool helps you review different student loan repayment plans and compare estimated monthly payments, total paid over time, and more. Under some income-driven repayment (IDR) plans, including the new Saving on a Valuable Education (SAVE) Plan, your monthly payment could be as low as $0. Note: The Loan Simulator can’t calculate exactly how ...
Public Service Loan Forgiveness (PSLF) and TEACH Grant Updates. The U.S. Department of Education (ED) has announced that the customer service and processing work associated with the Public Service Loan Forgiveness (PSLF) and Teacher Education Assistance for College and Higher Education (TEACH) Grant programs was shifting to ED via StudentAid.gov.