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TISLA in the News


Federal Student Loan Delinquency and Default: What to Know

“I’ve been working in the student loan industry for decades, with thousands of borrowers on both the compliance and advocacy sides. I can count on one hand the number of people who couldn’t be helped,” says Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit that provides free advice and resources to student loan borrowers. “There’s almost always a solution to help keep people from defaulting on their federal student loans.”


Are Student Loans Forgiven After You Die?

Back in 2020, Betsy Mayotte, president and founder of The Institute of Student Loan Advisors (TISLA), spoke to Money about the increasing number of debtors who were asking her what would happen to their student loans if they contracted COVID-19 and died. “It seems to be the theme of the day,” she remarked at the time.


Even With Payments Paused, Student Loan Borrowers Struggle

“I’m still optimistic that forgiveness will happen, but of course, we’ve been surprised by the Supreme Court before,” says Betsy Mayotte, president and founder of The Institute of Student Loan Advisors.


Change Makers – Betsy Mayotte

Betsy Mayotte likes to joke that she was genetically destined to work in education finance, with a mom who was a teacher and dad who was the president of a credit union.

But there’s plenty of coincidence in her journey, too. Like when she was fresh out of Bentley University with loan payments looming, and the first good-paying job she found was with a student loan servicer. Or later, when a good boss at a nonprofit student loan guaranty agency let her expand her role as a compliance officer into borrower advocacy.


4 Ways Biden’s New Student Loan Repayment Plan Could Help Borrowers

Though this new plan has the potential to help many borrowers, it’s too early to get excited about any specifics. The Education Department still needs to release formal proposed regulations, which then go out for public comment and could go through several rounds of revisions.

“This is all speculation because we don’t even have a draft,” said Betsy Mayotte, president and founder of The Institute of Student Loan Advisors (TISLA). “So a whole lot can change.”


Subsidized vs. unsubsidized student loans: What’s the difference?

“Unsubsidized loans accrue interest from the day they are disbursed to the school and during all other periods regardless of loan status,” says Betsy Mayotte, president and founder of the Institute of Student Loan Advisors (TISLA), a 501(c)(3) that offers advice and resources for students. “For those reasons, subsidized loans are often less expensive over the long run for student loan borrowers, as they at least don’t have to contend with the interest that accrued while they are in school.”


What happens to student loan debt when you die?

While only about 7.3% of student loan debt is tied to private loans, according to the Education Data Initiative, it’s equally important to understand how to deal with this financial burden should the need arise. When the borrower dies, the remaining private student loans may be handled in a variety of ways.

“Private loans vary by lender. Some will discharge upon the death of the borrower. Others bill the debt to the deceased estate,” says Betsy Mayotte, the president and founder of The Institute of Student Loan Advisors.