Get help with navigating student loan repayment

The Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP), together with the Wisconsin Department of Financial Institutions (DFI) and Savi, will host a free student loan repayment webinar Tuesday, April 9. This interactive webinar is held to learn about federal student loan repayment plans and forgiveness programs, including the U.S. Department of Education’s one-time payment count adjustment, taking place this summer.

To qualify for the U.S. Department of Education’s onetime payment count adjustment, borrowers must have Federal Direct Loans or Federal Family Education Loans, commonly referred to as FFEL program loans, that are held by the U.S. Department of Education. For borrowers who have commercially managed FFELs, Parent PLUS loans, Perkins loans or Health Education Assistance Loans, known as HEAL program loans, they must apply for a Direct Consolidation Loan by April 30, to get the full benefits of the one-time payment count adjustment.

Borrowers don’t need to pay a fee to consolidate their loans, receive loan cancellation or reduce their monthly payments. Consumers can do all of this for free on the U.S. Department of Education’s website, at StudentAid. gov.

During this interactive webinar, borrowers will learn about current student loan debt relief scams to avoid and how to use the free Wisconsin Student Loan Repayment Tool, created by public benefit corporation Savi. Their student loan experts will answer questions about federal loan repayment and explain how their tool can help borrowers navigate the complexities of federal student loan repayment plans, forgiveness programs and lowering student loan payments.

“The borrower experience has been broken for too long,” said Lindsay Clark, chief borrower advocate for Savi. “No borrower should struggle alone, which is why we’ve created this space for our community of borrowers, friends and family members, to access trusted support and guidance around their student loan debt.”

Join the webinar Tuesday, April 9, at noon, by registering at https://www.eventbrite.com/e/student-loanrepayment- workshop-powered-by-savi-wi-dfi-wi-datcptickets- 852246140147.