Fresh Start Student Acknowledgement

Fresh Start Student Acknowledgement

The U.S. Department of Education (ED) announced an initiative—called “Fresh Start”—to help eligible borrowers in default. Fresh Start will continue through one year after the COVID-19 payment pause ends. If your loans are eligible, you’ll temporarily regain several student aid benefits and also get the opportunity to get out of default and keep those benefits for the long term.

Full Name

CtcLink ID Number

Preferred Email Address

Preferred Phone Number

Phone

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Letter from Loan Servicer

(This will be your Fresh Start initiative letter)

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What benefits do I get now?

Access to Federal Student Aid
Stopped Collections
Eligibility for Other Government Loans
Restored Ability to Rehabilitate Loans

What benefits can I get later?

Access to Income-Driven Repayment (IDR) Plans
Access to Student Loan Forgiveness Programs
Access to Short-term Relief (Forbearance and Deferment)

Bates Technical College policy is to only award grants to Fresh Start students, no loans will be processed.

For more information, please go to https://studentaid.gov/announcements-events/default-fresh-start

I Understand that I am eligible for Title IV aid as a result of the Fresh Start initiative. As a Fresh Start-eligible borrower, I understand that, by accepting Title IV HEA federal student aid during the Fresh Start period, I am agreeing to have my defaulted loans transferred to a new loan servicer – the company that will manage my loan - which will result in continued Title IV, HEA federal student aid eligibility beyond the Fresh Start period. I understand that this transfer may not occur immediately and that I can contact the holder(s) of my defaulted loan(s) to request transfer sooner.

Acknowledgement

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