President Biden’s previously announced changes to Income Drive Repayment under the SAVE plan is now full implemented. Borrowers have an increase in discretionary income protection. This income protection has increased from borrower AGI from tax return minus 150% of poverty level now up to 225%. Undergraduate debt will account for only 5% of discretionary down from 10%. Any unpaid interest not covered in borrower monthly payments will now be forgiven. Borrowers enrolled in the SAVE repayment plan will see all outstanding debt forgiven after 20-25 years. Payments made prior to 2024 will count towards maximum forgiveness timeframes. Borrowers already on the REPAYE plan will automatically be enrolled in SAVE and their payments will be adjusted with no action on their part.

For more details view the Department of Education’s Fact Sheet 

In April 2023, UCSF Students passed a Student Transit Pass Referendum. As a result, students will automatically receive a discounted MUNI Monthly Class Pass. 

The Class Pass will be a digital pass accessible on the Muni Mobile App. The Class Pass will provide unlimited rides between September 1, 2023 – June 30, 2024 on all MUNI metro, buses, and trolley routes (excluding cable cars and BART). Students may use the Class Pass for any type of ride —traveling between campuses, riding home, running errands, or meeting friends. The Class Pass will automatically renew every year that a student is registered.

The webinar that UC hosted with the federal Department of Education about the resumption of student loan repayments this fall is now posted here: https://www.universityofcalifornia.edu/understanding-your-student-loan-repayment-options.

The pandemic-initiated pause on federal student loan repayments is ending this fall. Interest will start accruing on loans on Sept. 1, and borrowers can expect to receive their bills sometime in September, with payments resuming in October.

But before you start repayments, know that help is on the way — new, revamped programs from the Department of Education have been designed to make managing student loan debt easier.

Officials from the U.S. Department of Education’s office of Federal Student Aid held a webinar on July 27, co-sponsored by the University of California, to explain the new options. Knowing your choices can save thousands of dollars and discharge outstanding loans much sooner.

Congress has passed legislation preventing further extensions on the loan repayment and interest collection pause on federal student loans. Federal student loan interest will resume starting September 1, 2023, and payments will be due starting in October.

For more details view the Department of Education’s announcement 

UC’s Native American Opportunity Plan ensures that in-state systemwide Tuition and Student Services Fees are fully covered for California students who are enrolled in federally recognized Native American, American Indian, and Alaska Native tribes.  This plan applies to undergraduate and graduate students.  (Self-supporting and certificate programs are not eligible.)  If you think you are eligible, and your systemwide and student service fees have not already been covered with grant and/or scholarship aid, please contact Student Financial Services for more information.