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If you have defaulted federal student loans, you can make payment arrangements by visiting myeddebt.ed.gov, contacting your loan holder or calling the Default Resolution Group at 1-800-621-3115.
As of September 29, 2022, borrowers with federal student loans not held by the Education Department are not eligible for debt relief by consolidating those loans into federal direct loans.
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As part of the Biden administration’s changes to the student loan system, the U.S. Education Department (ED) issued new servicing contracts for existing student loans.
The Biden administration announced on Aug. 24 a formal plan to forgive up to $20K in federal student loans, affecting millions of borrowers as they awaited a student loan moratorium set to end on ...