The Dept. of Education has reinstated the online application for Income Driven Repayment plans and loan consolidation. Borrowers on the SAVE plan remain on an interest-free forbearance until further notice or unless they apply for another IDR plan. To learn more and get guidance on recertification deadlines, click here.

“I wouldn’t have been able to navigate the complex federal student loan system without EDCAP.” — Peter A.

“As a Parent Plus borrower with over $100k in debt for my children’s education, I faced high payments in the Standard Plan or unaffordable payments in the ICR plan, which offered long-term forgiveness. EDCAP helped me navigate the Parent Plus loophole and consolidate my loans to access the SAVE plan.

This plan offers manageable payments and eventual forgiveness, allowing me to maintain a reasonable standard of living in retirement.”