Student Loan Assistance – Ron Johnson Senator from Wisconsin

Managing federal student loans may be overwhelming, however my workplace is right here to assist. If the assets under don’t lead you to a solution, please full our Casework Contact Form and a member of my workers shall be pleased to help you.

For basic data on federal student loan packages, please go to the U.S. Department of Education Federal Student Aid, at  For particulars on the handfuls of present federal student loan forgiveness and compensation packages, please see this report from Congressional Research Service.


All federal student loans by way of the William D. Ford Federal Direct Loan (Direct Loan) Program and the Federal Family Education Loan (FFEL) Program are managed by loan servicers. Your loan servicer is your finest useful resource for navigating your particular choices primarily based in your circumstances. 

Who is my loan servicer?

The U.S. Department of Education assigns you a loan servicer after your federal student loan is first disbursed. The servicer contacts you after disbursement and when funds are due.

If you have no idea the title of your loan servicer, you may be immediately supplied with the title and telephone variety of your loan servicer through a reside chat discovered right here or by calling 1-800-4-FED-AID.

You can even log into your Federal Student Aid account right here. 

Your loan servicer is answerable for serving to you handle your loans and might stroll you thru the entire choices for compensation of your loans. They will work with you on compensation plans and loan consolidation and can help you with different duties associated to your federal student loan. It is vital to take care of contact together with your loan servicer. If your circumstances change at any time throughout your compensation interval, your loan servicer will be capable of assist.

READ:   Parent Plus Loans & Student Loans for Parents

Below yow will discover a fundamental abstract of choices your loan servicer could possibly supply. It is finest to debate your particular scenario together with your loan servicer, who will counsel you on the choices you qualify for.

Income-Driven Plan: Plans that enable for decreased month-to-month funds decided primarily based on components together with the quantity of the student loan debt, household measurement, and adjusted gross revenue; month-to-month funds are capped at a share of a borrower’s discretionary revenue (between 10% and 20%) or different income-dependent standards. Debt reduction after a specified time period – between 20 and 25 years.

Public Service Loan Forgiveness: Debt reduction to certified debtors after a sure interval of public service employment and on-time funds.

Deferment: Delay of compensation and curiosity accrual as a consequence of a selected scenario like being enrolled half-time in class or unemployment.  

Forbearance: Delay of compensation as a consequence of a selected scenario like monetary hardship, sickness, or whole quantity you owe every month for all of the student loans you acquired is 20 % or extra of your whole month-to-month gross revenue (further circumstances apply).

Cancellation or Discharge: Debt reduction underneath particular conditions like whole and everlasting incapacity or loss of life.