Disclaimer: Student Loan Tutor is an independent business. We are not affiliated with and do not work for the US Internal Revenue Service (IRS) or the Department of Education. We are not a collection agency. All services are provided at the direction of our clients.
Student loans are constantly shifting, making it hard to keep up. It’s easy to feel overwhelmed by all the changes. Our blog posts can help you stay informed with the latest updates.
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November 6, 2024
If you’re a client, you don’t need to take any action at this time. This blog post is simply to keep you informed on the latest developments related to the SAVE (Saving on a Valuable Education) plan, Income-Driven Repayment (IDR) options, and student loan forgiveness.
October 8, 2024
Signed into law on October 11, 2022, this legislation introduces a much-needed path to separating joint consolidation loans, offering borrowers greater flexibility and control over their debt.
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October 5, 2024
Borrowers have utilized a strategy known as the double consolidation loophole. This involves going through multiple federal consolidations to obscure the origin of the loans, enabling access to more favorable IDR plans.
August 13, 2024
Recent findings from the U.S. Government Accountability Office (GAO) highlight the pressing need for expert assistance to ensure compliance and accuracy. According to the GAO, signs of potential fraud have been detected in income-driven repayment plans, impacting more than 110,000 borrowers.
July 19, 2024
On July 18, 2024, a Federal Court issued a stay preventing the Department of Education from operating the Saving on a Valuable Education (SAVE)Plan. The Department of Education is currently assessing the ruling.
July 11, 2024
As the specter of a new presidential election looms, the urgency for Americans burdened with student debt to capitalize on existing forgiveness programs has never been more pronounced. With each passing administration, policies regarding student loans undergo potential shifts that could significantly impact borrowers' financial futures.
May 10, 2024
After the one-time account adjustment is completed by the Department of Education in July 2024, the loan servicers and Department of Education are looking to implement a new tracking system for updates on eligible payments for Income-Driven Repayment plans.
April 16, 2024
The Biden Administration revealed on Friday April 12th that over 275,000 borrowers enrolled in programs like Saving on a Valuable Education (SAVE), public service loan forgiveness (PSLF), and those benefiting from previously announced adjustments to income-driven repayment plans are set to receive substantial student debt relief totaling $7.4 billion.
February 28, 2024
The “one time account adjustment” is set to end by April 30, 2024. This adjustment benefits over 3.6 million federal direct loan borrowers enrolled in forgiveness programs. It specifically allows borrowers to have all previous payments, regardless of loan or repayment type, count toward forgiveness.
July 10, 2023
Recent updates to the federal student loan program will allow some borrowers to count backdated months toward their loan forgiveness date, and the Biden Administration is waiving federal taxes on loans forgiven through 2025.
June 27, 2023
The end of the Federal Student Loan pause is near! Starting September 1st, 2023, interest will resume on loans, and payments will be due in October 2023. It's time to take action and prepare for the upcoming changes.
June 1, 2023
For most of our clients, their effective interest rate is considerably lower than the stated interest rate. In some cases, it might even be 0%, sometimes negative 50%, and in extreme cases, even negative 100% interest.
January 19, 2022
Refinancing your student loans is pushed everywhere. Why is this and who is it actually right for?
May 12, 2021
Learn how to pay off over $100,000 in student debt. There is light at the end of the tunnel, and getting there is not as daunting as you might believe.
April 14, 2021
Learn more about how you can master your federal student loans. Read our blog article today to get the latest insights.
April 2, 2021
What is student loan forgiveness? In this article, we cover student loan forgiveness, student loan repayments, and how you can save more.
March 26, 2021
Check out these student loan repayment program tips for graduates. Read our blog article today to learn more and how to plan.
