Are all student loans on hold?

Sadly not all student loans are on hold. Federal student loan repayment was paused for millions of eligible borrowers. Ineligible federal loan borrowers, plus private loan-holders, do not have their education debt on hold.

Will the IRS keep my refund for defaulted student loans?

Federal law allows state and federal agencies to use the Treasury Offset Program to withhold your refund to pay off past due debts. If an agency reports your debt to the TOP, the IRS will offset your refund to repay obligations such as past due child support or defaulted federal student loans

Why are my student loans no longer on my credit report?

If you notice that your student loan disappeared from your credit report, it's because your loan servicer made a mistake, or you fell into default more than 7 years ago.

URGENT - Important Student Loan Update

Judson Carusone • April 19, 2022

All student loans will be considered in good standing as of September 1, 2022

The US Department of Education just announced that it would extend the payment moratorium on student loans until August 31, 2022. This also extends the interest free period on Student loans. So if you can afford pay down your student loans, even a little bit, now is a good time.

Also, the Department announced that all student loans will be considered as being in good standing on September 1, 2022. This has several important benefits, including the right to apply for an affordable repayment plan, called an income based repayment (IBR) plan. In some cases, the IBR payment is $0.00.

In the past, if a student loans was in default, the borrower had to return it to good standing by making six months of on time payments at the regular amount due, before they could be considered for an IBR plan. Then the borrower could apply to have the payment reduced to match their income. But now, student loans will all be considered in good standing as of September 1, 2022 and so will be eligible for IBR consideration without payments to bring them to that status.

So now is the time to take advantage of the programs available to help student loan borrowers in good standing. The full press release is available at:

https://www.ed.gov/news/press-releases/biden-harris-administration-extends-student-loan-pause-through-august-31

Are all student loans on hold?

Sadly not all student loans are on hold. Federal student loan repayment was paused for millions of eligible borrowers. Ineligible federal loan borrowers, plus private loan-holders, do not have their education debt on hold.
Will the IRS keep my refund for defaulted student loans?

Federal law allows state and federal agencies to use the Treasury Offset Program to withhold your refund to pay off past due debts. If an agency reports your debt to the TOP, the IRS will offset your refund to repay obligations such as past due child support or defaulted federal student loans
Why are my student loans no longer on my credit report?

If you notice that your student loan disappeared from your credit report, it's because your loan servicer made a mistake, or you fell into default more than 7 years ago.