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Student Debt Relief

You probably heard about debt forgiveness, and the elimination of student loans. Before you do anything it's a good idea to know the facts.

LOAN PAyments
The loan repayment pause and 0% interest have been extended until 60 days after the Department of Education is allowed to implement the one-time debt cancellation, or the litigation is resolved, or 60 days after June 30, 2023 - whichever comes first. Be prepared by learning more about loan repayment and research your payment options on the Federal Student Aid website.

Loan Forgiveness & the payment pauseStudent debt relief plan
President Biden, Vice President Harris, and the U.S. Department of Education have announced a three-part plan, the Student Debt Relief plan, to help federal student loan borrowers transition back to regular payment as pandemic-related support expires. If you’d like to receive updates from the Department of Education, you can sign-up for the Department of Education subscription page.

Loan Forgiveness is currently on hold and has the potential to be overturned, do you have a plan for repayment? Pending litigation outcomes, student loan payments may start as early as April or as late as August, are you ready?

We've partnered with Solutions at ECMC to help you create a plan for repayment and address your questions/concerns regarding federal student loans at no cost to you.

A Plan for loans in default
On April 6, 2022, the U.S. Department of Education (ED) announced an initiative—called Fresh Start—to help eligible borrowers that have loans in default. If your loans are eligible, you’ll temporarily regain several student aid and credit reporting benefits. You’ll also get the opportunity to get out of default and keep those benefits for the long term. Fresh Start will continue through one year after the COVID-19 payment pause ends.

Where to go for questions
If you have questions about any of these initiatives, contact your loan servicer or Solutions at ECMC, a non-profit organization that helps students, like you, manage your federal student loans and provide student loan default prevention. Services provided by Solutions at ECMC are free of charge.

  • Student loan repayment advice
  • Reduced repayment plan options
  • Forbearance
  • Deferment
  • One-on-One student loan counseling.