DCWP - Student Loans

Consumer and Worker Protection


Credit/Debt

Student Loans

Student Loans Main Page
Public Service Loan Forgiveness
Tips: Before Enrolling in School
Tips: Before Taking Out Loans
Tips: Once You Have Loans
Student Loan Research Reports
Student Loan Testimony
In the News
In-Person Help
Other Resources

Student Loans Main Page

Public Service Loan Forgiveness

Tips: Before Enrolling in School

Tips: Before Taking Out Loans

Tips: Once You Have Loans

Student Loan Research Reports

Student Loan Testimony

In the News

In-Person Help

Other Resources


IMPORTANT NOTICES

SAVE Borrowers: In August 2024, a federal court issued an injunction preventing the U.S. Department of Education from implementing parts of the Saving on a Valuable Education (SAVE) Plan and other IDR plans, including—for example—SAVE’s monthly payment formula and loan forgiveness under the SAVE, PAYE, and ICR Plans. As a result, SAVE plan borrowers are being placed in administrative forbearance. If you are enrolled in the SAVE plan, you will not need to make loan payments, and your loans will not accrue interest during this time. For updates, see StudentAid.gov/saveaction.

Non-SAVE Borrowers: In October 2023, ED instituted a one-year “on-ramp” to repayment of student loans. Borrowers who did not make payments were not reported to credit agencies. Starting on October 1, 2024, most borrowers were expected to make loan payments regularly again or be considered “delinquent” on their debt. The potential financial impacts of delinquency include negative credit reporting and wage garnishment. Not sure how to start? Get free professional financial counseling at an NYC Financial Empowerment Center.

Student Loans

Student Debt Relief and Loan Forgiveness

For most borrowers, the first payment after the payment pause was due in October 2023. See more information on how to resume payments on your student loan. Most borrowers can lower their payments by enrolling in an income-driven repayment (IDR) plan.

If you have ever worked for a government or 501c3 organization, you may be eligible for federal loan forgiveness programs. Depending on your profession, you may also qualify for state repayment assistance programs. Please review Important Notice for Employees with Student Loan Debt to see if you may be eligible for programs and how to apply.

Learn more about Public Service Loan Forgiveness (PSLF).

Learn more about other federal student loan cancellation programs.

Learn more about State loan cancellation programs.

How to Avoid Student Loan Debt Distress

Read tips before enrolling in a school or training program

Read tips before taking out student loans for yourself or a child

Read tips once you have student loans

Advocacy Work to Help Student Loan Borrowers

Read Research Reports

Read Testimony

Read In the News

Additional Help

Make a plan to manage your debt. Get free in-person help

Learn about other resources for student loans