Office Hours is a semi-monthly virtual student loan clinic presented by the Maryland Center for Collegiate Financial Wellness @themccfw provides borrowers with a free, trusted venue to help them navigate student loans and prepare for financial success beyond repayment.
The content in this video is based on information available as of April 24, 2024.

This edition covered topics including:

+how to analyze financial aid offer letters and the cost of attendance
+when to recertify income for IDR plans
+when the pause on PSLF processing will begin and what it means for applicants

Disclaimer: Office Hours is presented by the Maryland Center for Collegiate Financial Wellness for informational purposes only. The information presented does not represent financial or legal advice. Borrowers are responsible for all decisions and outcomes related to their student loan repayment and/or cancellation experience. The borrower experience is evolving, more changes are expected and we will share them in future editions of Office Hours.

#Maryland #studentloans #IDRadjustment #consolidation #parentplus #PSLF #PSLFwaiver #studentloanforgiveness #pslfcount #studentloandebt #cancelstudentdebt #FFELP #FFEL #officehours #mhec

Content
00:00 Welcome
02:35 New law brings financial well-being coaches to @morganstateu and the University of Maryland College Park
04:30 How to confirm if your loans will be included in the IDR Adjustment ASAP! The deadline for the greatest benefit is 4/30/24.
07:03 What is the cost of attendance? I see it the financial aid offer letter
06:51 What is Direct Cost? Why is it broken down on my Offer Letter?
13:06 My parent does not have a SSN can I still complete the FAFSA?
16:10 I am an athlete and my coaches have sent me scholarships on a portal, how do I decide which school is affordable for me?
16:40 How you should review the financial aid offer letter
19:45 My recert date changed, I was set to recert 9/2024 but now it’s showing 8/2025. Did MOHELA make a mistake because 8/2025 will be my 121 payment?
23:14 Should I submit my income information and recertify in case there is an issue and I then need to make more payments or just go into forbearance while they evaluate the forgiveness?
27:46 Is a processing forbearance and admin forbearance the same? If they go back and say incorrectly that I'm less than 120, can I get PSLF credit for months in a processing forbearance?
32:14 What does this mean: Eligible payments say 184 and qualifying payments say 131....am I good or no?
32:53 What is the difference between an eligible payment and a qualifying payment
34:26 How will the May to July processing "pause" affect those CURRENTLY seeking Public Service Loan Forgiveness?
38:47 A resource for Marylanders experiencing problems with their student loan servicers