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COVID-19 ALERT LEVELS IN NYC. GET THE LATEST ON THE COVID-19 VACCINE.

COVID-19 Alert Levels in NYC
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Consumer Affairs311Search all NYC.gov websites
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 * Home
 * About
 * Consumers
 * Workers
 * Businesses
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Credit/Debt


STUDENT LOANS

SelectTips: Before Enrolling in SchoolTips: Before Taking Out LoansTips: Once
You Have LoansIn-Person HelpIn the NewsStudent Loan TestimonyStudent Loan
Research ReportsOther Resources
 * Tips: Before Enrolling in School
 * Tips: Before Taking Out Loans
 * Tips: Once You Have Loans
 * In-Person Help
 * In the News
 * Student Loan Testimony
 * Student Loan Research Reports
 * Other Resources

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STUDENT LOANS


NEW! IMPORTANT NOTICE FOR EMPLOYEES WITH STUDENT LOAN DEBT

Depending on your current or prospective employer or profession, you may be
eligible for federal loan forgiveness programs and state repayment assistance
programs. Please review Important Notice for Employees with Student Loan Debt to
see if you may be eligible for programs and how to apply.


DCWP SETTLES CLAIM WITH BERKELEY COLLEGE

Were you a Berkeley College student prior to January 1, 2019 and owed tuition or
fees to Berkeley? Learn about DCWP's settlement with Berkeley including $20
million in debt relief.


*IMPORTANT UPDATES DUE TO COVID-19*

Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, federal
student loan payments are automatically suspended, without interest or
penalties, until August 31, 2022—an end date which has been extended six times.
Read Important Information for Student Loan Holders: Automatic Payment
Suspension and Other Relief During COVID-19.

If you are experiencing a loss of income - including due to COVID - or your
family size has changed, learn about Income-Driven Repayment (IDR) plans that
can lower your monthly student loan payments. Get free, one-on-one financial
counseling to find an IDR that works for you. Book an appointment at
nyc.gov/TalkMoney


BE REAL ABOUT STUDENT LOANS

In New York City, more than one in six—or approximately 1 million—adults have at
least one student loan and collectively they owe $34.8 billion. Given the
negative impact that student loan debt has on the daily economic lives of New
Yorkers and the detrimental effect it has on achieving equality in our city, the
Department of Consumer and Worker Protection (DCWP)—formerly Department of
Consumer Affairs (DCA)—is employing a multi-pronged approach of education,
advocacy, and enforcement to tackle this issue. Learn about our public education
campaign, Be Real About Student Loans


HOW TO AVOID STUDENT LOAN DEBT DISTRESS

Read tips before enrolling in a school or training program


Read tips before taking out student loans for yourself or a child


Read tips once you have student loans


Make a plan to manage your debt. Get free in-person help


ADVOCACY WORK TO HELP STUDENT LOAN BORROWERS

In the News


Testimony


Research Reports


OTHER RESOURCES

Learn about other resources for student loans

















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