Student loan borrowers may feel overwhelmed right now and it may not just be about the amount of debt.
Keeping track of all the latest news and determining whether any of the administrative changes and legal challenges of student loan repayment impact borrowers, could be leaving them and you feeling anxious.
Mapping Your Future wants to assist you in learning more about the categories of borrowers, which include:
- Borrowers enrolled in the SAVE Plan
- Borrowers enrolled in the SAVE Plan and seeking Public Service Loan Forgiveness (PSLF)
- Borrowers enrolled in other income-driven repayment (IDR) plans (who may or may not be seeking PSLF)
For a detailed explanation of the various categories of borrowers and available options, we have produced “What student loan borrowers need to know” (available as a Word document) as well as a flyer that includes the information that you can share with your students and borrowers.
Mapping Your Future provides these tips that you can share with your students during Financial Literacy Month. You can find more resources on the Mapping Your Future website.
