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Impact Of Federal Government Shutdown On PCC.
A student smiles while walking through school halls on his phone

Student Loan Debt Relief

Pima Community College is committed to keeping you updated with changes to the student loan program. On June 30, 2023 the United States Supreme Court ruled against the Biden-Harris Student Debt Relief program. Pima has paired with Student Connections to provide one-on-one assistance with student loan repayment information at no cost to students. 

Student Loan Payments to Restart October 2023

Interest on student loans will begin accruing September 1, 2023 and first payments will be due in October 2023. Assistance with loan repayment information and more is available to borrowers through Pima's partnership with Student Connections at no cost.

Due to significant shifts in the loan servicing industry about 16 million borrowers have had their loans transferred to a different servicer since the payment pause began. Recent changes include:

  • Loans serviced by Great Lakes have been transferred to Nelnet and loans serviced by Oklahoma Student Loan Authority (OSLA) have been transferred to Aidvantage.
  • Updates to existing federal student loan servicing contracts reduced fees paid to the servicers by 10% and lowered the required minimum hours of operation and service levels.
  • Central Research, Inc. has been selected as a new loan servicer. They will be added in 2024.

Find out who your loan servicer is by logging into your StudentAid.gov account.

SAVE Repayment Plan

Student loan borrowers can get lower payments from the new Saving on a Valuable Education (SAVE) Plan. If you sign up for the REPAYE Plan now, you will automatically be enrolled in the SAVE Plan before payments resume. See Federal Student Aid’s (FSA) SAVE Repayment Plan announcement for details. Visit FSA’s Repayment Plan webpage for the different repayment plan options available.

Beware of Scams

Many students reported that they have been contacted by companies saying that they will help with debt relief, loan discharge or loan cancellation for a fee. Never pay for any of these services. Make sure that you are dealing with trusted companies or Department of Education partners such as your lender or your servicer.

To find out who holds your student loan login to studentaid.gov

More resources from the Office of Financial Aid and Scholarships Financial Wellness page.

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