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Student Loan Resources
Through July 1, 2025, Parent PLUS borrowers can access all income-driven repayment (IDR) plans — including the new SAVE plan — through double consolidation. Double consolidation is when a borrower consolidates their Parent PLUS loans twice in order to create a new Direct Loan that is eligible for all available IDR plans and Public Service Loan Forgiveness (PSLF). CLICK HERE for more information.
Are you having issues with your student loan servicer? The Bureau of Consumer Credit Protection is here to help. Maine's Student Loan Ombuds can help borrowers resolve disputes with their loan servicer and make sure they are in compliance with the law. All student loan servicers in Maine must obtain a license from the Bureau. Check a license at NMLSConsumeraccess.org (Trusted Partner Link)
Student Loan News
- 5/2/2024: Biden-Harris Administration Releases New Data on Public Service Loan Forgiveness Approvals in Every Congressional District
- 5/1/2024: Biden-Harris Administration Approves $6.1 Billion Group Student Loan Discharge for 317,000 Borrowers Who Attended The Art Institutes
- 4/30/2024: FSA Begins Transferring Some MOHELA Borrow Accounts to Other Federal Student Loan Servicers
- 4/9/2024: Department of Education Extends Income-Driven Repayment (IDR) Recertification Deadline