Free Student Loan Assistance Available to All Pennsylvania Residents During COVID-19 Pandemic – WPXI

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PITTSBURGH – Pennsylvania has partnered with a company to provide free student loan assistance to all residents during the COVID-19 pandemic.

According to Attorney General Josh Shapiro’s office, Summer can help people simplify and save on student debt. The group can help borrowers find, compare, and enroll in loan assistance and rebate programs. Residents can access Summer’s digital platform free of charge.

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The Attorney General’s partnership with Summer is for all borrowers and especially those who are financially impacted by COVID-19. Borrowers who have filed for unemployment or have reduced hours due to COVID-19 can use Summer to enroll in savings and forgiveness programs that reduce loan payments based on a condition of financial difficulties.

Borrowers who have experienced a significant reduction in their income could benefit from qualifying payments as low as $ 0 by enrolling in a federal income-based repayment plan (IDR). With the average borrower paying around $ 300 per month in student loans, an IDR plan can result in an annual savings of $ 3,600 at 3 times the amount of the $ 1,200 stimulus checks that most arrived there already. months. Similar to online tax software, Summer’s digital platform can help Pennsylvania residents verify their eligibility for IDR plans and facilitate the entire application process if they are eligible.

CLICK HERE to access Summer’s online platform

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