Student Loans

IMPORTANT NOTICES

The Department of Education (ED) has resumed collections on defaulted federal student loans as of May 5, 2025. Borrowers in default may now face involuntary collections on federal tax refunds and certain federal benefits such as Social Security payments. Wage garnishments are expected to begin in Summer 2025. Borrowers in default can contact ED’s Default Resolution Group to make a monthly payment, enroll in an income-driven repayment (IDR) plan, or sign up for loan rehabilitation.

Loan consolidation and income-driven repayment (IDR) plan applications are available. Learn more about the status of ED’s implementation of the Saving on a Valuable Education (SAVE) Plan and other IDR plans at StudentAid.gov/saveaction.

Need help navigating student loans? Get free professional financial counseling at an NYC Financial Empowerment Center.

Student Loans

Student loan debt has a profound impact on the financial health of New Yorkers. DCWP provides free resources, including tips and financial counseling, to support New Yorkers with student loans. We also advocate for stronger protections for all student loan borrowers.

Student Loan Forgiveness Programs

If you have ever worked for a government or 501c3 organization, you may be eligible for federal loan forgiveness programs. Depending on your profession, you may also qualify for state repayment assistance programs. Please review Important Notice for Employees with Student Loan Debt to see if you may be eligible for programs and how to apply.

How to Avoid Student Loan Debt Distress

Read tips before enrolling in a school or training program

Read tips before taking out student loans for yourself or a child

Read tips once you have student loans

Advocacy Work to Help Student Loan Borrowers

Read Research Reports

Read Testimony

Read In the News

Additional Help

Make a plan to manage your debt. Get free in-person help

Learn about other resources for student loans