Latest Student Loan News

Changes Coming to Student Loan Servicing

Last year, the Department of Education awarded new student loan servicing contracts to five companies: CRI, EdFinancial Services, Maximus Education, LLC, MOHELA, and Nelnet. The goal of the changes is […]
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Is your account showing zero qualifying payments for PSLF after consolidating? Don’t panic!

A number of student loan borrowers have reached out to NCLC in the last few months regarding issues with Public Service Loan Forgiveness (“PSLF”) and the one-time payment count adjustment. […]
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Over 3.2 Million Borrowers Impacted by Servicing Errors During First Month of Repayment

And What Borrowers Can Do When Their Servicer Fails Them Federal student loan borrowers are entering their fourth month of repayment since the end of the payment pause in September […]
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Good News: More Borrowers Will Soon Be Eligible for Debt Cancellation After 10 Years

Today, the Biden-Harris Administration announced that some borrowers will soon begin receiving debt cancellation after as few as 10 years in repayment, instead of the 20 to 25 years of […]
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Student Loan Repayment is Here

What now for borrowers? After nearly three years, the student loan payment pause officially ended on September 1st. Borrowers will start getting their first bills in September that will be […]
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SAVE: A New Payment Plan That Will Reduce Monthly Payments

After the Supreme Court struck down President Biden’s student loan cancellation plan, President Biden announced a number of new actions  to help student loan borrower. One of those actions was […]
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Nearly a Million Student Loan Borrowers Getting Long Overdue Cancellation

On Friday, July 14th, the Department of Education announced that it was sending notice to 804,000 borrowers who had spent 20 to 25 years in repayment on their federal student […]
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Pres. Biden Announces New Student Debt Relief Effort After Court’s Decision

After the Supreme Court struck down the student debt cancellation plan, President Biden announced he would pursue an alternative pathway to provide debt relief to borrowers. The new approach involves […]
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Supreme Court Strikes Down President’s Biden Student Loan Relief Plan

Today, the Supreme Court struck down President Biden’s plan to provide relief to millions of low-income Americans who are struggling with student loan debt. Borrowers were counting on debt relief […]
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