If you’re applying for an Income-Driven Repayment (IDR) Plan, be aware that the Department of Education has temporarily removed the online enrollment option from StudentAid.gov. This means processing times will be longer than usual — so plan ahead!
With pandemic-era protections over, missing student loan payments now comes with serious consequences. Payments more than 30 days late can lower your credit score, and multiple missed payments could lead to default, putting forgiveness programs out of reach.
Need help navigating your student debt options? NJEA offers free student debt webinars to help you understand repayment, forgiveness, and more. Visit njea.org/dndwebinars to register.