A lot has been happening around student debt! Last month the federal government announced it will provide up to $20,000 in debt cancellation to Pell Grant recipients with loans held by the Department of Education and up to $10,000 in debt cancellation to non-Pell Grant recipients. Borrowers are eligible for this relief if their individual income is less than $125,000 or $250,000 for households. Forms will be available in October to apply for debt relief. Learn more here.
In addition to debt relief, there’s an important deadline coming up for those who are eligible for Public Service Loan Forgiveness (PSLF), which includes many faculty. The “limited PSLF waiver” that created time-limited changes to PSLF rules to allow borrowers to receive credit for past periods of repayment that would otherwise not qualify for PSLF ends on Oct. 31, 2022.
We can help as that deadline approaches. As an AFT affiliate, we are continuing to offer free access to Summer, a trusted online platform that can help you navigate your student loan situation and simplify the PSLF application process. Summer was founded by student loan borrowers, who understand the frustration of the repayment process. And Summer is already working with thousands of borrowers like you to help them save on their student loan payments.
The Summer tool and team guides borrowers through options to consider, gives savings recommendations, makes decision-making easier, and handles all of the paperwork. Whether you have no idea where to start, or just want to confirm that you’re in the right repayment plan, Summer’s resources and staff can guide you.
Here’s how to create your FREE account with Summer:
- Note that your AAUP member ID is 1709503
- Head to our landing page at app.meetsummer.org/onboard/aaup.
- Create an account by submitting your name, email, and AAUP member ID. When prompted, use the access code AAUP. We’ll use your submission to confirm your membership and validate your Summer account.
- Get started with Summer’s free tools to review your student loan repayment plan.
Once you’ve created your account, if you have questions about the platform, please email email@example.com or check out Summer’s help section, where you can send a message or schedule a consultation. If you have questions about your member ID or an AAUP related issue you can reach out to the AAUP at SLassistance@aaup.org. Information on Summer can also be found on our site, including a recording of a webinar with an overview of the platform and PSLF and a link to login instructions.
We continue to keep you updated as we do more work around student debt and fight for a new deal for higher education.