December 21, 2023

MADISON, Wis. – Today, the Wisconsin Department of Financial Institutions (DFI) and the Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP) announced they are hosting a free online student loan debt relief workshop on April 21. The workshop will help student loan borrowers prepare for the end of the federal student loan payment pause, which the Biden administration recently extended from May 1 through August 31.

“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,” said DFI Secretary-designee Cheryll Olson-Collins. “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.”

“As student loan payments resume, borrowers should watch for dishonest offers of loan forgiveness or savings from consolidation from debt relief scammers,” said DATCP Secretary Randy Romanski. “Borrowers with questions should attend this informational workshop to learn more about the many resources consumers can access without paying any fees.”

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