Website Helps Borrowers Navigate Student Loan Repayment Options Early-career professionals with outstanding federal student loans can turn to a new website to figure out a payment plan. StudentLoans.gov/Repay, a project of the U.S. Digital Service and the Department of Education, steers borrowers to their best repayment option based on the answers to five questions: The site advises users ... News in Brief
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News in Brief  |   August 01, 2016
Website Helps Borrowers Navigate Student Loan Repayment Options
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Practice Management / News in Brief
News in Brief   |   August 01, 2016
Website Helps Borrowers Navigate Student Loan Repayment Options
The ASHA Leader, August 2016, Vol. 21, 12. doi:10.1044/leader.NIB4.21082016.12
The ASHA Leader, August 2016, Vol. 21, 12. doi:10.1044/leader.NIB4.21082016.12
Early-career professionals with outstanding federal student loans can turn to a new website to figure out a payment plan.
StudentLoans.gov/Repay, a project of the U.S. Digital Service and the Department of Education, steers borrowers to their best repayment option based on the answers to five questions:
  • Do you have federal loans?

  • Did you take out your student loans before 2011?

  • Do you work for the government or a nonprofit?

  • Have you missed a payment because you couldn’t afford it?

  • Are your student loans in default or do you want to lower your monthly payment (based on the answer to the previous question)?

The site advises users which options they qualify for and may want to consider—income-driven repayment, direct debit, loan consolidation and loan rehabilitation. It indicates the materials the borrower needs (Social Security number and spouse information, for example) and how to apply for the programs.
Some clinicians may be eligible for public service loan forgiveness if they meet stringent criteria.
Borrowers with nonfederal student loans are linked directly to the website of the Consumer Financial Protection Bureau, which offers guidance on enlisting loan servicers to restructure repayment.
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August 2016
Volume 21, Issue 8