We understand the disappointment caused by the recent Supreme Court ruling blocking President Biden’s student debt forgiveness plan. We acknowledge the emotional and financial impact this may have on borrowers who were hopeful for relief. Rest assured, we are here to support you during this challenging time.
While the outcome is not what we had hoped for, it’s crucial to stay proactive and prepared. There are still avenues for forgiveness through programs like Income-Driven Repayment (IDR) and Public Service Loan Forgiveness (PSLF). Visit our website for a comprehensive list of available programs.
This news also brings repayment closer into view, with interest accruing in September and payments resuming in October. Expect a follow up from EDCAP with more information and resources to help you prepare for payment resumption.
If you’re already feeling anxious, you can take these actions now to stay ahead:
- Update Your Contact Information: Keep your contact information up to date with Federal Student Aid (FSA). This ensures you receive all necessary communication about your loan status and repayment options. Watch our quick video on how to update your contact info with Federal Student Aid.
- Identify Your Loan Servicer: Determine your loan servicer and update your contact information. They are your main point of contact for any repayment-related inquiries. You can find your servicer on your FSA account or by calling FSA’s Information Center at 1-800-433-3243. Click here for a short video on finding your student loan servicer and here for how to update your information.
- Contact EDCAP: Call 888-614-5004 or email firstname.lastname@example.org if you have questions or need to schedule a repayment counseling session. As we approach payment resumption, we anticipate high demand for our services.
Remember, we are here for you! We are more committed than ever to helping as many borrowers manage and when possible, eliminate student loan debt. Stay positive and proactive–we are in this together!
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