Update: UCSF University & Dream Loan Interest and Loan Payments Paused Until May 1st. Perkins Loan 3 Year Forbearance limit temporarily waived
UCSF students who borrowed campus based loans including the University Loan and Dream Loans will have their interest and payments paused until May 1st 2022. Health Professions Student Loans forbearance is set to expire January 31st 2022. Perkins loans have been in repayment since January 31st 2021. The Department of Education has lifted the 3 year forbearance limit for Perkins Loans. Perkins borrowers are now able to request forbearance status past the 3 year limit during the pandemic. Students must request this forbearance and provide documentation to quality.
For more information please view the Depart of Education’s Announcement
Student Cost of Living Survey Extension 1/21
Thank you to all those who have participated in the Student Cost of Living Survey. Because this survey helps us understand some of the cost of living issues at UCSF, we have decided to extend the deadline until January 21st.
If you haven’t had the chance to complete the survey, we hope you would find time to do so as your responses are important to developing the student budget and student support programs.
We look forward to hearing from you!
Mohela will service PSLF and TEACH Grant loans starting in 2022
In a previous update Mohela was named the replacement for the loan servicer Fedloan Servicing (PHEAA). Currently Fedloan Servicing (PHEAA) is the servicers borrowers for PSLF and their contract will expire at the end of 2021. For more details on this loan servicer transition please view the Announcement on Studentaid.gov
Interest and Loan Payments Paused Until May 1st for Federal Student Loans
The Biden Administration has announced that all federal student will have their interest and payment paused until May 1st. Due to the Omicron Variant, the White House announced it will be giving students additional time to manage their repayment options. For more details view the White House press release and announcement from the Department of Education.
PHEAA Loan Servicer Contract Extended to 2022
PHEAA servicers borrowers enrolled in PSLF and announced it would not be renewing their servicer contract. PHEAA’s contract was set to expire December 2021, but to ensure a smooth transition it will now service federal loans through 2022. For more details on this extension please view PHEAA’s Press Release
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