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ONE-TIME STUDENT LOAN CANCELLATION: On August 24, 2022, the U.S. Department of Education announced loan forgiveness of up to $20,000 for eligible federal student loan borrowers. For more information, please visit https://studentaid.gov/manage-loans/forgiveness-cancellation/debt-relief-info

Income-Driven Repayment Loan Forgiveness Program Account Adjustments: The Department of Education announced that they will be providing an account adjustment for Income-Driven Repayment borrowers seeking forgiveness. For more information please visit: https://studentaid.gov/announcements-events/idr-account-adjustment 

Important Messages

SOFR
Variable interest rate borrowers: As of the beginning of July, part of the way that your interest rate is calculated on your private student loan(s) will change. If you are an impacted borrower, additional information has been sent regarding this change to you via e-mail and USPS. To find out more information, visit our Changes to Loan Interest Rate Calculations page.
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