CEI Financial Development Services

02/05/2025

Worried about your student loans? Here are some steps you can take now..

The Trump administration appears poised to take significant actions that could undermine Department of Education. Here's what student loan borrowers should do.

01/18/2025

THE FINAL PHASE OF THE IDR ACCOUNT ADJUSTMENT IS LIVE!!!!

Borrowers: your payment counts should update soon on studentaid.gov - take screenshots for your records, just in case!

https://protectborrowers.org/final-idr-account-adjustment-payment-counts-announced/

08/09/2024

Important Student Loan Deadlines

Several key student loan forgiveness deadlines are approaching as some debt relief initiatives wind down, while a new one could launch soon. Here's a breakdown.

04/18/2024

The deadline to Consolidate is approaching - watch this great video from the Student Borrower Protection Center to learn more.

03/14/2024

11/22/2022

On November 4th CEI and CHIP collaborated to bring the community together to discuss this year's heating concerns. Thank you, Pastor Char for allowing us to use your community room.

10/18/2022

You Can Apply for Student Debt Cancellation Now!

Check out our FAQs and upcoming webinars about how to apply. IT'S HAPPENING. Apply for student debt relief now at https://studentaid.gov/debtrelief/apply. Most student loan borrowers who are eligible

05/31/2022

📣📣📣NEW guide to the $850 relief checks which will be distributed in June! Most Maine adults are eligible for the $850 payments, including people with little or no income, but you DO need to file a tax return. Receiving the $850 payment will NOT cause you to lose any of your DHHS benefits, or impact ERA rental assistance, or general assistance (GA).

👉 Read our guide for full info:https://maineequaljustice.org/site/assets/files/2956/220524_850_payments_client_ed_docx.pdf

Need help filing taxes to get your $850 check?

👉 Contact CA$H Maine for free tax preparation for people with low-income.
👉 If you have questions about your public benefits and the $850 checks, contact us through our website here: https://maineequaljustice.org/get-involved/contact-us/
👉If you have questions about the $850 checks and you’re a parent or caregiver, please call Maine Equal Justice’s Credit to Kids Organizer Flavia Debrito at 207-888-3963, so we can help you figure out if you qualify for additional credits like the child tax credit!

05/12/2022

Good News!

The three nationwide credit reporting agencies - Equifax, Experian and TransUnion - have agreed to three important changes to reporting medical collection accounts.

• Paid medical collection debt will no longer be included on consumer credit reports, as of July 1, 2022.

• The time period before unpaid medical collection debt will appear on a consumer’s report will be increased from six months to one year, also effective July 1, 2022. This change gives consumers more time to work with insurance and/or healthcare providers to address medical collection debt before it appears on credit reports.

• Medical debt collection accounts under at least $500 will no longer be included on consumer credit reports. This goes into effect the first half of 2023.

These significant changes to medical collection debt reporting support consumers faced with unexpected medical bills.

12/23/2021

Good news for many struggling to get back on their feet! You have an additional 90 days before you resume your monthly student loan payments. During that time be sure to take full advantage of the Department of Education’s resources to help you prepare for payments to resume in June 2022, ( this date has been extended to September 1, 2022) and, if necessary, look at options to lower your payments through income-driven repayment options. Visit: https://studentaid.gov/ or contact CEI Financial Development Services for help.

On Wednesday, President Biden extended the national pause on student loan payments, interest, and collections. Here's what it means for borrowers.