Over the past several months the U.S. Department of Education (USDE) has issued several announcements and resources that are of interest to federal student loan borrowers.

The COVID-19 emergency relief for federal student loans, including the loan repayment/collection pause and the 0% interest rate, will expire on January 31, 2022. Learn more about what to expect here.

On Oct. 6, 2021, the U.S. Department of Education announced a temporary period during which borrowers may receive credit for payments that previously did not qualify for Public Service Loan Forgiveness. Learn more about this here.

Federal student loan servicers Navient, PHEAA (FedLoan Servicing), and Granite State have announced plans to stop servicing federal student loans. Borrowers currently assigned to these servicers can learn more about the USDE’s transition plans here.

— Ryan Zantingh, Student Financial Planning