Some Boalt graduates reported that their federal student loans were transferred from Direct Direct Loan Servicing (ACS) to another servicing provider without any notice or access information.
If that happens to you, please check the Federal Student Aid’s Help – Contact site for contact information to your new servicing provider.
Up-to-date we received 61 applications from 2011 graduates. That is an all time record!
Welcome 2011 graduates to the LRAP…………you are awesome!
Wednesday, October 26
12:50 PM – 1:50 PM
Create a Spending Plan Information Session
170 Boalt Hall
Create a Spending Plan and Better Manage your Student Loans 1Ls: Plan to attend the info session aimed at taking control of your spending and planning your borrowing while at Berkeley Law. This session will enable you to evaluate your spending, assist in reducing your student loan debt, avoiding credit card debt, and becoming overall budget savvy. Download our Spending Plan spreadsheet and bring your laptop to the session. All students are welcome!
The “Spending Plan” workshop is postponed, and will now take place on Wednesday, October 26, at 1 PM in Boalt 170.
Later this week we will provide more details.
In order to keep your student loans in good standing, graduating students have to complete the exit counseling. If you are not sure what repayment plan or payment due date to choose, you may opt for the standard option and make changes later.
Please familiarize yourself with the Direct Loan Servicing account. Along with the LRAP application you have to provide documentation of your repayment plan selection which is available within the account summary information.
Heather Jarvis recently posted the good news that the Department of Education will verify that employers qualify as public service organizations and will notify borrowers in writing of the number of qualifying payments made.
But first there is a 90-day period of public comment on this before it becomes final.
FREE Public Service Loan Forgiveness Webinars from Heather Jarvis.
A week ago Heather Jarvis, a student loan expert, went public with a new website that offers a wealth of information about student loan repayment. If you plan to utilize the IBR and PSLF program you may want to follow her blog.
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Please check out our Info Sessions and Webcasts on Student Loan Repayment and Financial Literary.
Only Federal DIRECT Loans (Stafford, GradPLUS and consolidation loans) are eligible for PSLF. If you borrowed federal loans under the Federal Family Education Loan (FFEL) program, you have the option to consolidate your FFEL loans with Federal DIRECT Consolidation Loans. Keep in mind that the consolidation loan will enter repayment immediately after graduation without a grace period. You may want to consider delaying the processing of your Direct Consolidation Loan until closer to the end of your grace period.
Use your PIN to look up your federal student loans in the National Student Loan Data System.: www.nslds.ed.gov.