MADISON –The Wisconsin Department of Financial Institutions (DFI) and the Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP) will hold a free online student loan debt relief workshop on Thursday, April 21. The event is timed to help student borrowers prepare for the end of the federal student loan payment pause, which is now scheduled to end August 31.
Student Loan Debt Relief Workshop
Join the “Student Loan Debt Relief Workshop: How to Avoid Scams, Use Free Repayment Tools and Save Money” on April 21 from 6 to 7:30 p.m. by registering through eventbrite.com.
During this workshop, student loan borrowers will learn about current student loan debt relief scams to avoid and how to use the free Wisconsin Student Loan Repayment Tool, created by Savi. Savi’s student loan experts will answer questions about student loan repayment and explain how their tool can help borrowers navigate the complexities of federal student loan repayment plans, forgiveness programs, and lowering student loan payments.
Using Savi’s tool may help borrowers reduce their monthly payments and optimize their repayment plans. On average, users of this tool save $156 each month and have a lifetime savings of $28,308.
Student loan borrowers can find additional free repayment resources on DFI’s Look Forward website.
“With student loan payments resuming in September, it is more important than ever for borrowers to explore their student loan repayment options and make a plan for repayment today,” DFT Secretary-designee Cheryll Olson-Collins said in a news release. “Borrowers should take time now while payments are still paused to look into repayment options such as income-driven repayment plans, which may lower monthly payments, and check their eligibility for student loan forgiveness. Not waiting until the last minute to make a plan is important and will help ensure a smooth return to repayment.”
Borrowers with questions are encouraged to call the Wisconsin Student Loan Help Hotline at 833-589-0750 or contact Federal Student Aid. Student loan borrowers who have been the victim of a scam should report it by filing a complaint online, emailing firstname.lastname@example.org, or calling DATCP’s Consumer Protection Hotline at 1-800-422-7128.