With the new tool, borrowers receive personalised repayment plan recommendations to decrease monthly payments, helping them better control and manage their student loan debt. Considering that the expiration of the CARES Act created stress and anxiety for many of the 37 million federal loan borrowers, Earnest’s Student Loan Manager aims to educate them on their options and help them with their finances, according to officials. The tool allows students to find their servicer, as well as to support their enrolment in federal repayment programs to lower monthly payments.
Discover who is servicing their federal student loans by entering their phone number, date of birth, and zip code;
Link federal loan accounts to get automated guidance on federal assistance program eligibility;
Obtain individualised repayment plan recommendations and reduced monthly payments to fit their lifestyle, taking into consideration factors such as income, family size, and amount owed;
Enrol in federal assistance programs, including income-driven repayment.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now