Federal student loan updates

young woman smiling at laptop computer.

If you have federal student loans, how are you staying up to date with the latest news?

Not only does our Student Loan Solutions program help educators stay informed on changes impacting their student loans, but it also helps them:

  • Track and manage their student loan debt in one place
  • Find out if they qualify for loan forgiveness and help them apply for it if they do
  • Get on a path toward a better financial future

And it's complimentary for educators. Simply complete this form to get started or learn more about the program.

Student loan relief extended

The U.S. Department of Education announced an extension of student loan relief through May 1, 2022.

What this means:

  • Eligible federal student loans (not private loans) will continue to incur 0% interest and will not require monthly payments through May 1, 2022
  • These forgiven payments will continue to count toward the number of payments required for the Public Service Loan Forgiveness (PSLF) program
  • Collection on defaulted loans will still be on hold

Here’s why it’s so important to get your loans in order now before the relief period ends.

FedLoan Servicing update

FedLoan Servicing, one of the organizations that supports the U.S. Department of Education's ability to service student loans, is not renewing its contract for servicing federal student loans.

It's still being determined who will be servicing federal student loans and running the PSLF program, but here are important actions you can take so you’re prepared.

If you have questions, contact your Horace Mann representative, reach out to a Student Loan Solutions loan coach or email support@tuition.io.com.

The information provided here is for general informational purposes only and should not be considered a recommendation. Horace Mann’s Student Loan Solutions program includes services provided by an independent third party, Tuition.io. Horace Mann is an independent company not affiliated with the Department of Education or the federal government. Horace Mann does not negotiate, adjust or settle debts. No assistance provided by Horace Mann constitutes official action for purposes of student loan forgiveness programs or guaranteed results. Horace Mann’s Student Loan Solutions program terms are subject to change.

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