![]() Some scammers claim they need your FSA ID to help you, but don’t share your FSA ID with anyone. To get you to act fast, scammers say you could miss qualifying for repayment plans, loan consolidation, or loan forgiveness programs if you don’t sign up right away. Don’t agree to pay anyone for assistance in obtaining this relief.For more information about this relief, visit the Federal Student Aid website and/or their loan servicer. Do not provide your personal or financial information in response to unsolicited emails, phone calls, or texts either purportedly from the federal government or a company claiming to be able to assist you with obtaining the announced relief.For more information on eligibility and requirements, go to the public service loan forgiveness website.ĪG Nessel encourages residents to follow these tips to avoid scams seeking to take advantage of borrowers’ eagerness to obtain debt relief. The limited PSLF waiver allows borrowers to receive credit for past periods of repayment that would otherwise not qualify for PSLF. ![]() The Public Service Loan Forgiveness (PSLF) program forgives the remaining balance on your federal student loans after 120 payments working full-time for federal, state, Tribal, or local government military or a qualifying non-profit. The previously announced limited Public Service Loan Program (PSLF) waiver is still in effect until October 31, 2022.The application for relief is available here. Borrowers are eligible for this relief if their individual income is less than $125,000 or $250,000 for households. Department of Education will provide up to $20,000 in debt cancellation to Pell Grant recipients with loans held by the Department of Education and up to $10,000 in debt cancellation to non-Pell Grant recipients. The current student loan repayment pause has been extended a final time until December 31, 2022, with payments resuming in January 2023.Here are the highlights of the announced loan debt relief: Department of Education has made available the application for student loan debt relief announced by the Biden Administration. LANSING – Michigan Attorney General Dana Nessel is reminding Michiganders to be on the lookout for scammers now that the U.S.
0 Comments
Leave a Reply. |