If you have a federal student loan, you probably already know that the Coronavirus emergency relief program that has paused your payments is ending. Repayments will begin again after May 1, 2022. Scammers know it, too, and are looking for ways to take advantage: they’re calling, texting, and e-mailing to try to use any confusion around restarting your student loan payments to steal your money and personal information. https://www.consumer.ftc.gov/blog/2021/12/tis-season-student-loan-scam-calls?fbclid=IwAR0ZstQ4zZ4WBhuvZNosuGK6QiH_bhGVXrfbJJFgCXQPxuXjX2Gt8DWo7U8
The rules have changed for a limited period for these student loans. Borrowers are receiving credit for payments that previously didn’t qualify for loan forgiveness. Here is what borrowers should keep in mind.https://www.wsj.com/articles/student-loan-forgiveness-answers-to-common-questions-11638550800?st=anm6wo51ucg03dx&reflink=desktopwebshare_permalink&fbclid=IwAR2cvAYhmZ6kt6GQNuPf_qQNJY68–XrybgedkctZsbm0kScekPZLwleCpc
NPR’s Elissa Nadworny talks to Betsy Mayotte of the Institute of Student Loan Advisors about the latest extension on the student loan pause and what borrowers can do to prepare for repayments. https://www.npr.org/2021/12/25/1068008407/how-to-get-ready-to-repay-your-student-loan-when-the-payment-freeze-ends?fbclid=IwAR3zZ6PmGxvlqBEpZ7WI8R1J0G55qeL5-2LFVQIm67bjEGfj8DeFLEbhrkM
Please use the updated link below to RE-REGISTER and attend the November 4, 2021 – “PSLF demystified” webinar.
Topic: PSLF demystified Date: Thursday, Nov 4, 2021 Time: 1:00 pm – 2:00 pm | 1 hour | (UTC-04:00) Eastern Time (US & Canada) Topic: PSLF demystified Date: Thursday, Nov 4, 2021 Time: 1:00 pm – 2:00 pm | 1 hour | (UTC-04:00) Eastern Time (US & Canada)
Webex Link: https://cfpbevents.webex.com/cfpbevents/j.php?RGID=r15592fb3d94d5cfca3dc54c9e6da988f PLEASE CLICK TO REGISTER Event number: 2764 282 5279 Event password: aqDSbTQ8p68? (27372878 from phones)”
Student loans are double-edged sword: They help you pay for college but then leave you with a monthly bill for at least a decade after you graduate. The average student loan payment is $400 a month, and research has found those payments can make it harder for people to save for their futures, open businesses and start families. https://www.cnbc.com/2021/07/07/what-students-starting-college-should-know-about-student-loans-.html