Student Loan Repayment Update

On Nov. 21, President Biden paused the repayment of federal student loans to start after June 2023, to allow the federal appeals court time to decide the case.

On Nov. 14, a federal appeals court issued a nationwide injunction temporarily barring the Biden’s student loan debt relief program that would have cancelled up to $20,000 in student debt for federal loan borrowers. Please be aware that the program is suspended and the website is no longer accepting applications.

DC 37 is sharing critical information from the U. S. Department of Education on how student loan borrowers can protect themselves from scammers. It's important to beware of scammers who may attempt to reach out to borrowers to try to convince them that they have a work-around that can get student debt relief applications processed and accepted. They do not.

Please don't share your FSA ID (Federal Student Aid ID) or account information or password with anyone who contacts you. The U.S. Department of Education and your federal student loan servicer will never call or email you asking for this information. For more details, read the December PEPtalk magazine, or call the MELS Screening Unit at 212-815-1111.