Loan Forgiveness and Repayment Restart
The Payment Pause is Ending for Federal Student Loan Borrowers
The pause enacted in response to the COVID-19 pandemic on Federal Student loan repayments, 0% interest rates, and collections on defaulted loans will no longer be extended.
This includes, Federal Direct Subsidized Loans, Federal Direct Unsubsidized Loans, Federal Direct Parent PLUS Loans, the FFEL Subsidized Stafford Loan, the FFEL Unsubsidized Stafford Loan, Federal PLUS Loans and Federal Consolidation Loans.
The US Department of Education (through their servicers) will inform . This notice will also include the payment amount and due date.
How can you make sure you have a successful restart?
Preparing for Repayment
Learn more about .
Loan Repayment Options
View the .
Be Cautious and Avoid Scams
With student loan repayment resuming, a new wave of scams has already begun trying to gain access to personal and financial information. The Federal Trade Commission (FTC) and U.S. Department of Education (ED) remind borrowers to be on alert. any suspicious activity to the FTC.
- Watch this is from the U.S. Department of Education on avoiding scams.
- Never give out passwords, if you aren’t sure about who is calling you, hang up and go to studentaid.gov or 1-800-433-3243
- You will never be charged a fee to enroll in different repayment plans
Public Service Loan Forgiveness
If you are employed by a U.S. federal, state, local, or tribal government or not-for-profit organization, you might be eligible for the Public Service Loan Forgiveness Program (PSLF). The PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
Information Websites
- U.S. Department of Education (ED) – Key information on Federal Student Loans collections and Helping borrowers get back into repayment
Get Updates
Sign up for – Provide your email to sign up for Federal Student Loan Borrower Updates as well as other ED programs.
Monitor information at to ensure you understand repayment restart and important timelines related to the process.
Federal Student Aid Website:
Federal Student Aid Information Center: 1-800-4FED-AID (1-800-433-3243)
Please work with the Department or your to understand loan repayment, debt relief processes, and your role in applying for or receiving student debt relief.