How can I get relief from my student loan debt?

How can I get relief from my student loan debt?

It’s also wise to check in with your servicer along the way to ensure that you’re making progress toward relief. You can also apply for relief on the Federal Student Aid website, which provides resources for each form of relief. Due to the COVID-19 crisis, there is a temporary payment pause set on student loan payments through May 1, 2022.

What types of student loans are eligible for CARES Act relief?

To be clear, only federal student loans are eligible for the current student loan relief program that’s part of the CARES Act. “This is a federal benefit,” Bareham explains. “It only applies to loans that are owned by the Department of Education. ” There are exceptions, however.

What is student loan relief and how does it work?

Student loan relief is the forgiveness, cancellation or discharge of your federal student loans. While options like forbearance or deferment will pause your student loan payments for a short amount…

What is a mortgage refinance relief program?

A mortgage refinance relief program replaces your existing loan with a new loan that has a lower interest rate and more affordable payments. When most people think of government or Congress mortgage relief, they’re thinking of HARP — the Home Affordable Refinance Program.