Student Loan Repayment
Student loan forgivness
For updates and information on student loan forgiveness programs please visit: https://studentaid.gov/manage-loans/forgiveness-cancellationStudent loan repayment has resumed
Repayment of student loans resumed in October 2023. For guidance and resources for restarting your payments after the COVID-19 payment pause please visit: https://studentaid.gov/manage-loans/repayment/prepare-payments-restart or contact your federal loan servicer to discuss your options, should you be unable to resume loan payments.
Who is my federal loan servicer?
If you are not sure who your loan servicer is or how to contact them, please click to watch this short video to learn how to access your Financial Aid Summary page on StudentAid.gov to find your loan servicer and their contact information.
SAVE and Income-Driven repayment plans
The Department of Education is launching Saving on a Valuable Education (SAVE) Plan, a new, helpful repayment plan that could assist you. However, a federal court issued an injunction preventing the U.S. Department of Education from implementing parts of the SAVE Plan and other IDR (income-driven repayment) plans, including—for example—SAVE’s monthly payment formula and loan forgiveness under the SAVE, PAYE, and ICR Plans. The following page https://studentaid.gov/announcements-events/save-court-actions will be updated by the Department as more information becomes available.
Need help with student loan repayment?
Berkeley College has partnered with ECMC Solutions to help our students and alumni create a plan for repayment and address your questions/concerns regarding federal student loans. This service is available to our students and alumni at NO COST. You can contact ECMC Solutions by phone at 1-877-331-3262, or visit their website to make an appointment, connect through email, or web chat with a student loan counselor.
WARNING:
If you receive any phone calls, emails, or letters offering you any type of loan forgiveness, please DO NOT provide any of your personal information. The Department of Education, your federal loan servicer, and Berkeley College will never ask you for any personal information related to any debt relief. You can apply for legitimate loan forgiveness programs at NO COST. You never have to pay for help with your federal student loans. Students are highly encouraged to not engage with any scam calls or messages. The Department of Education provides information on how to identify and avoid student loan forgiveness scams.
If you think that you have received a scam call, you can register for the National Do Not Call Registry. However, if messages persist, you can report the calls to the FTC and give context about the messages you’re receiving. And if you do have questions about your student loan payments and forgiveness, you should contact your federal loan servicer directly. Free assistance is available through your federal loan servicer or Berkeley College.
