Student Loans

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Department of Education to resume collection of defaulted student loans

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By Marlene Seeklander Borrowers with defaulted federal student loans will soon find their loans once again in collections. In an April 21 press release, the Department of Education (ED) announced that Federal Student Aid (FSA) will resume collections of its defaulted federal student loan portfolio on May 5, 2025. Defaulted student loans have not been collected […]

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Updates to 2024-25 and 2025-26 FAFSA form processing

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By Marlene Seeklander Financial Aid Administrators have some new workarounds and functionality to address some of the lingering issues related to 2024-25 and 2025-26 FAFSA form processing. An April 14 Electronic Announcement provided updates and guidance for several items, including: Student Records with a Pseudo-SSN First-time FAFSA filers from the Freely Associated States (the Republic of

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Department of Education seeking public feedback for proposed regulations

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By Marlene Seeklander The Department of Education is inviting public feedback on several student loan related topics. In a Federal Register Notice dated April 4, 2025, the Department announced its intent to host public hearings and establish negotiated rulemaking committees as well as inviting public feedback on the following topics: Written comments on these and any

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Total and Permanent Disability (TPD) Discharge Transition and updates

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By Marlene Seeklander Borrowers seeking a TPD Discharge can now submit forms and track their progress at StudentAid.gov. In an April 7 Electronic Announcement, Federal Student Aid (FSA) announced that the TPD Discharge process has now fully transitioned to FSA as of March 23, 2025 and allows borrowers seeking TPD to submit their TPD forms and

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Notebook with Public Service Loan Forgiveness Program, calculator, pens, money

Updates for borrowers seeking PSLF

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By Catherine Mueller Although there have been administrative changes and legal challenges in the federal student loan program in the past several months, the Public Service Loan Program (PSLF) remains a benefit for some borrowers. Borrowers currently enrolled in PSLF should continue making payments to ensure progress toward forgiveness. Some borrowers enrolled in PSLF and also

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Department of Education reopens Income-Driven Repayment Plan and Loan Consolidation Applications for borrowers

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By Marlene Seeklander Student loan borrowers wanting to apply for the Income-Drive Repayment Plan or Loan Consolidation can once again do so. A March 26 Press Release from the Department of Education announced that they have reopened the online income-driven (IDR) plan and loan consolidation applications for borrowers. In order to comply with the 8th Circuit

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FY 2022 Draft Cohort Default Rates available

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By Marlene Seeklander Schools can begin reviewing their FY 2022 draft cohort default rate information and prepare for making any necessary appeals. The Department of Education announced the distribution of the FY 2022 draft cohort default rate (CDR) packages on February 24 to all eligible domestic and foreign schools. The information, sent to the SAIG mailbox

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Reporting of 2024 student loan interest payments by loan servicers

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By Marlene Seeklander It’s that time of the year – tax preparation time – and you may receive questions about the reporting of student loan interest payments. In a recent Electronic Announcement, Federal Student Aid (FSA) outlined general information about the reporting of 2024 student loan interest payments. Borrowers who made federal student loan payments in

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