Jan 20, 2021 | News, Student Loan Repayment Assistance
President Biden’s administration has extended two major initiatives from now until September 30, 2021, which benefits employees and their family members. 1. Interest will stop accruing. 2. No repayment is required. The media reports the President will take the...
Jan 4, 2021 | Employers, News
The latest stimulus bill passed into law includes an extension on tax-free payments by employers to pay down employee student loan debt. This provision originally set by the CARES Act was due to expire on December 31, 2020, but last month’s passing of the Consolidated...
Dec 9, 2020 | News, Student Loan Repayment Assistance
CARES Act Relief Extended Until January 31, 2021 On December 4th, the Department of Education extended the deadline for the student loan relief program established under the CARES Act to January 31, 2021, giving America’s 42 million borrowers an extra month to prepare...
Aug 26, 2020 | News, Student Loan Repayment Assistance
On August 8th, President Trump released an executive memorandum extending the student loan payment relief outlined in the CARES Act until Dec 31, 2020. Last week, U.S. Secretary of Education Betsy Devos directed Federal Student Aid (FSA) to implement the president’s...
Jul 22, 2020 | Financial Literacy, News, Student Loan Repayment Assistance
Millions of Americans are unemployed right now. Federal direct student loans are in a temporary forbearance due to the CARES Act, but that will end in September. Now is the time to review your current financial situation and determine whether or not you’re in the...
Jul 6, 2020 | General, News, Student Loan Repayment Assistance
If you have Nelnet or Great Lakes for your federal student loan servicer, you will soon be receiving a new servicer. Nelnet and Great Lakes, which collectively manage federal student loans for approximately 13 million student loan borrowers, will no longer service...
