@Aidvantage

Official account for Aidvantage Aidvantage has one mission — to help you manage the repayment of your Department of Education loan.

aidvantage.studentaid.gov
Joined February 2022
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With student loan payments restarting soon, are you searching for a repayment plan with affordable monthly payments? ​ With the new Saving on a Valuable Education (SAVE) Plan, you could lower your monthly payment.​ Learn more about this plan’s benefits: StudentAid.gov/save
Important Update! There is an affordable new student loan repayment plan coming soon: the Saving on a Valuable Education (SAVE) Plan. The plan will be available in August 2023.

ALT Important Update! There is an affordable new student loan repayment plan coming soon: the Saving on a Valuable Education (SAVE) Plan. The plan will be available in August 2023.

The new SAVE Plan is the most affordable student loan repayment plan ever. It allows for $0 monthly payments for anyone who makes $32,800 or less per year. The SAVE Plan replaces the Revised Pay As You Earn (REPAYE) Plan. If you are on the REPAYE Plan, your payments will automatically adjust to reflect the benefits of the SAVE Plan. No action is needed. If you switch from another income-driven repayment plan - other than the Income-Based Repayment Plan - to the SAVE Plan, interest on your loans won't be capitalized (added to your principal balance).

ALT The new SAVE Plan is the most affordable student loan repayment plan ever. It allows for $0 monthly payments for anyone who makes $32,800 or less per year. The SAVE Plan replaces the Revised Pay As You Earn (REPAYE) Plan. If you are on the REPAYE Plan, your payments will automatically adjust to reflect the benefits of the SAVE Plan. No action is needed. If you switch from another income-driven repayment plan - other than the Income-Based Repayment Plan - to the SAVE Plan, interest on your loans won't be capitalized (added to your principal balance).

The SAVE Plan eliminates 100% of remaining interest for both subsidized and unsubsidized loans after you make a scheduled payment. This means your loan balance won't grow due to unpaid interest. For example: If $50 in interest accumulates each month and you have a $30 payment, the remaining $20 would not be charged. The SAVE Plan excludes spousal income for borrowers who are married and filing taxes separately. This change removes the need for your spouse to cosign your income-driven repayment plan application.

ALT The SAVE Plan eliminates 100% of remaining interest for both subsidized and unsubsidized loans after you make a scheduled payment. This means your loan balance won't grow due to unpaid interest. For example: If $50 in interest accumulates each month and you have a $30 payment, the remaining $20 would not be charged. The SAVE Plan excludes spousal income for borrowers who are married and filing taxes separately. This change removes the need for your spouse to cosign your income-driven repayment plan application.

For more information, visit StudentAid.gov/save

ALT For more information, visit StudentAid.gov/save

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Loan repayments will resume 60 days after: • ED is permitted to implement student loan debt relief; or • The litigation is resolved. If the litigation has not been resolved by June 30, 2023, student loan payments will resume 60 days later.
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BREAKING: ED has announced an extension of the pause on student loan repayment, interest, & collections as the Biden Admin asks the Supreme Court to review the lower-court orders preventing ED from providing debt relief for tens of millions of Americans. ed.gov/news/press-releases/b…
Biden-Harris Administration Continues Fight for Student Debt Relief for Millions of Borrowers, Extends Student Loan Repayment Pause

ALT Biden-Harris Administration Continues Fight for Student Debt Relief for Millions of Borrowers, Extends Student Loan Repayment Pause

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The student loan payment pause is extended until @USEDGov is permitted to implement the debt relief program or the litigation is resolved, but no later than June 30, 2023. Payments will restart 60 days later.
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Your FSA ID from Federal Student Aid is your magic safety key to get you access to President Biden’s student loan relief, coming next month. If you owe Federal student loan debt and don’t have an FSA ID, sign up now to get one at studentaid.gov.
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Aidvantage retweeted
FTC
@FTC29 Aug 2022
Did you hear about the student loan announcements? Scammers did, too. Never pay up front for student loan forgiveness. Only scammers will charge you in advance. Report them at ReportFraud.ftc.gov. More: bit.ly/3PZjP7x #studentloans #studentloanforgiveness
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.@usedgov has a plan to make sure student loan forgiveness is as easy as 1,2,3.
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📣 Calling all borrowers! 📣​ Do you think you qualify for Public Service Loan Forgiveness (PSLF)? Then this webinar is for you! ​ Sign up today: cvent.me/AWvz8O
Join Us for Our Upcoming Webinar A Guide to Submit the Public Service Loan Forgiveness Form Wednesday, Aug. 24, 2022, 8 P.M. Eastern Time Learn about the federal Public Service Loan Forgiveness program basics, the limited Public Service Loan Forgiveness waiver, the Public Service Loan Forgiveness Help Tool, and more to help you navigate the application process.

ALT Join Us for Our Upcoming Webinar A Guide to Submit the Public Service Loan Forgiveness Form Wednesday, Aug. 24, 2022, 8 P.M. Eastern Time Learn about the federal Public Service Loan Forgiveness program basics, the limited Public Service Loan Forgiveness waiver, the Public Service Loan Forgiveness Help Tool, and more to help you navigate the application process.

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Higher ed partners: Remind borrowers they never have to pay for help with their federal student loans. Our loan servicers assist borrowers for FREE! Encourage borrowers to visit StudentAid.gov/scams to learn how to spot a student aid scam.
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