Live Webinar
Changes to Student Loan Payments & Borrowing—Tuesday, February 17, 7:00 p.m.–8:15 p.m.
Presented by Cambridge Credit Counseling Corp.
Presenter: Martin Lynch, Compliance Manager/Director of Education, Cambridge Credit Counseling Corp.
What you need to know! For those with existing loans and parents with Parent PLUS loans.
As a result of the One Big Beautiful Bill, there are significant changes coming to student loan repayment, borrowing, and loan forgiveness that will affect nearly all PEF members, especially those with children currently in college.
- If you applied for the Income-Based Repayment Plan (or IBR) over the last year or so, but were denied because you earn too much money, it’s time to submit a new application.
- If you’re one of the millions of borrowers who’ve been stuck in the SAVE forbearance since last August, it’s probably time for you to move into IBR.
- If you’re not finished with your education and need to take out additional loans, you’re in a tough spot.
- If you’re a federal Parent PLUS loan borrower, the next few months may be critical.
- Parent PLUS loan borrowers, if your student is still in college and you need to take out additional Parent PLUS loans, you have some very difficult choices to make.