April, 2022 | The Law Offices of Tracy L. Robinson, LC

**Important Update from Federal Student Aid: Income-Driven Repayment and Public Service Loan Forgiveness Program Account Adjustment

On April 19, 2022, the U.S. Department of Education (ED) announced several changes and updates that will bring borrowers closer to forgiveness under income-driven repayment (IDR) plans. These adjustments to borrower accounts include conducting a one-time revision of...

NCLC: Student Loan Payment Pause Extended through August 31, 2022, Loans Removed from Default: What Borrowers Need to Know

On April 6, 2022, President Biden directed the U.S. Department of Education to extend the coronavirus-related payment suspension and 0% interest rate on certain federal student loans for four months. The payment suspension was due to expire at the end of April, but...