A number of significant changes were recently made to federal student loan borrowing and repayment, and there is a critical deadline coming that will affect new borrowers and everyone currently in repayment.
Join CEA member benefits partner Cambridge Credit Counseling to learn how your existing repayment plan and any new loans will be affected by changes mandated by H.R. 1, the “Big Beautiful Bill.”
Cambridge Credit Counseling is offering a free webinar on Wednesday, February 11, at 6 p.m. for CEA members to hear the latest and get your questions answered.
“It’s important to start by knowing what kind of loans you have,” says Martin Lynch, compliance manager and director of education for Cambridge Credit Counseling. He recommends that borrowers visit studentaid.gov to find out what kind of federal loans they have and begin to learn about repayment options.
Private loans are ineligible for public service loan forgiveness and teacher loan forgiveness, so Lynch recommends that educators be careful when considering any private consolidation that includes federal loans.
Learn more about the latest changes to Income-Based Repayment, Parent PLUS loans, and new challenges if you will need to take out additional education loans, then come prepared with your questions to the February 11 webinar.
