Biden Administration Extends Loan Repayment and Interest Pause on Federal Student Loans
President Biden announced Federal Forbearance halting loan repayment and interest collection on federal student loans. The Forbearance was set to expire starting January 1st 2023, but it is now extended through June 30th 2023. The extension is due to the paused debt forgiveness plan that is stuck in federal court. If the loan forgiveness plan is allowed to proceed borrowers will have 60 days from implementation until loans go into repayment. If the program is still on hold as of June 30th, loan repayment start in July. For more details view the Department of Education Press Release
UPDATE: Biden Debt Cancellation Temporarily Blocked - Applications not Currently being Accepted
President Biden’s Debt Cancellation program is temporarily blocked by the Eighth U.S. Circuit Court of Appeals. The program is on hold while the court considers a motion from six Republican-led states to block the program. The White House has stopped accepting applications at this time. If the program is allowed to proceed Pell Grant recipients can receive up to $20,000 in debt forgiveness and $10,000 for non-Pell recipients. Individuals who made less than $125,000 in 2021 or 2020 or families that made less than $250,000 in 2021 or 2020 can qualify for the debt cancellation. If the court order is lifted, the deadline to submit the application is Dec. 31, 2023. More information on the announcement can be found here
Office Closing Early Friday, December 9 at 12 noon
The Student Financial Services Office will be closing early on Friday, December 9 at 12 noon.
We understand that emergencies can arise when our office is closed. To better help serve our students in these instances we have a list of resources to provide assistance when our office is unreachable. Be sure to email or leave a message for our office and we will get back to you as soon as we return.
The After Hours information is located on our Contact Page just below the Virtual Front Desk section.
Student Financial Services Office, Student Academic Affairs, San Francisco Firefighters Virtual Toy Drive
SAA and the Student Financial Services Office is participating in the Annual San Francisco Firefighters Toy Program! Every child deserves a special gift this year. Join us in making the holiday season brighter for children in need, click on SHOP to purchase the toys you would like to donate!
Help brighten the holidays for children in need - Donate toys today!
The Student Financial Services Holiday Schedule
The Student Financial Services Office will be closed starting on Monday, December 19 to Tuesday, January 3 for the winter break.
We understand that emergencies can arise when our office is closed. To better help serve our students in these instances we have a list of resources to provide assistance when our office is unreachable. Be sure to email or leave a message for our office and we will get back to you as soon as we return.
The After Hours information is located on our Contact Page just below the Virtual Front Desk section.
Virtual Front Desk Hours
Mon–Fri 9 a.m–4 p.m.
(closed 10 a.m.–10:30 a.m. and 12 p.m.–2 p.m.)
Know what to do before you return!
Check for updates on COVID-19 testing and quarantine requirements for students.