Repayment & Consolidation Applications are Live Again!

The Department of Education has announced that online IDR and consolidation applications are once again available.

That said, if you’re in the SAVE/REPAYE plan and in a payment pause while federal courts review the plan, we continue to advise holding off on changes for now. As we’ve covered in past updates, a PSLF Buyback option will be available once courts decide which SAVE features will remain. It’s also possible that if SAVE remains in place, they count this break towards PSLF as well (the most generous outcome).

In other news, the PSLF Help Tool has remained available throughout the SAVE drama. Even better, the Dept. of Education recently added a chart to help you track your progress. Here’s a sample image:

If you’re unable to find this detail in your profile or it doesn’t match your progress, or you have any questions regarding your strategy into next year and beyond, schedule a 1:1 support session with us here. If your employer is already working with us, get the meeting link from your HR department or email us at help@benelevate.com.

We’ll continue to keep you posted and, as always, ‘til debt do us part.

About Author

Jason DiLorenzo

Jason is the Founder of BenElevate, an early stage fintech company working to address the student debt crisis by bringing to bear tools, expertise, and bespoke solutions to streamline student debt management for borrowers and employers.