Help your employees get the latest news on federal student loans

 

We want to ensure you’re aware of the latest updates around federal student loans and provide some additional resources. Click the links throughout the communication below for more information on each topic. 

Student loan relief extended - The U.S. Department of Education announced the final extension of student loan relief through Jan. 31, 2022.

What this means:

  • Eligible federal student loans (not private loans) will continue to incur 0% interest and will not require monthly payments through Jan. 31, 2022
  • These forgiven payments will continue to count toward the number of payments required for the Public Service Loan Forgiveness (PSLF) program
  • Collection on defaulted loans will still be on hold
Here’s why it’s so important to get student loans in order now before the relief period ends.

FedLoan Servicing update - FedLoan Servicing, one of the organizations that supports the U.S. Department of Education's ability to service student loans, is not renewing its contract for servicing federal student loans. It's still being determined who will be servicing federal student loans and running the PSLF program, but here are important actions you can take so you’re prepared.

Find out how you can partner with Horace Mann to help keep your employees up to date on these important topics. Click here to schedule a brief appointment

 

Jim has been with Horace Mann, a company founded by educators for educators, for over 35 years. For over 20 years, he has worked with over 100 national, state and local educational associations, as well as serving hundreds of schools, providing educational workshops and other programs designed to help educational employees and employers deal with their unique financial challenges. Jim manages the company’s Student Loan Solutions team, which has put educators on the path to over $350 million in student loan forgiveness, and he manages the company’s partnership with DonorsChoose, a partnership which has donated more than $5 million to school projects on the website. Jim has a Bachelors Degree in Communications, and a Masters Degree in Public Administration from the University of Illinois, Springfield.

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