Depending on your current or prospective employer or profession, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. Please review Important Notice for Employees with Student Loan Debt to see if you may be eligible for programs and how to apply.
Were you a Berkeley College student prior to January 1, 2019 and owed tuition or fees to Berkeley? Learn about DCWP's settlement with Berkeley including $20 million in debt relief.
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, federal student loan payments are automatically suspended, without interest or penalties, until August 31, 2022—an end date which has been extended six times. Read Important Information for Student Loan Holders: Automatic Payment Suspension and Other Relief During COVID-19.
If you are experiencing a loss of income - including due to COVID - or your family size has changed, learn about Income-Driven Repayment (IDR) plans that can lower your monthly student loan payments. Get free, one-on-one financial counseling to find an IDR that works for you. Book an appointment at nyc.gov/TalkMoney