Assisting Older Borrowers in Navigating the Changing Federal Student Loan System

The last three years have marked unprecedented change in the federal student loan system. This training will provide a summary of these changes—including President Biden’s current cancellation announcement, the COVID-19 payment pause, the Public Service Loan Forgiveness Waiver, the Income Driven Repayment Account Adjustment, and the “Fresh Start” for borrowers with defaulted loans. Presenters will also explain how advocates can help older borrowers benefit from these changes and how to prepare for when repayment restarts later this year.

Participants in the training will:

• Understand the current time-limited federal student loan flexibilities in place that can help older Americans obtain federal student loan relief, including potential balance cancellation and removal of loans from default.
• Learn what older borrowers should do to prepare for when the COVID-19 payment pause ends.

Closed captioning will be available on this webinar.