Team Summer

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The Executive Memorandum & What It Means For Your Student Loans
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On August 8, President Trump issued a memorandum extending the payment freeze and interest waiver from the CARES Act until December 31, 2020 for federally-held student loans. Many of our borrowers have reached out with questions about how this affects...
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Student Debt Relief Extended Through December 31
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On August 8, President Trump issued a memorandum extending the payment freeze and interest waiver from the CARES Act until December 31, 2020. This will apply for borrowers with federal Direct loans and federally-held FFEL and Perkins loans.  While we await further...
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Black & In Debt: Balancing Student Loans And Building A Professional Career
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In the second part of our Black & In Debt series, we spoke with Kelly, a Black borrower who took out student loans for her MBA program.   How would you describe your relationship with student debt? In a word:...
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Borrower FAQ: How Do I Get My Student Loans Out of Default?
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"How do I get out of default?" is one of the most frequent questions we get from borrowers. Being in this situation can be overwhelming, but you have options. A federal student loan is considered to be in default if...
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Freelancers Just Got a New Option for Student Debt Relief With Summer
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Originally posted on the Freelancers Union blog. Student debt is a crushing burden for millions of Americans, totaling more than $1.6 trillion in the U.S. in 2020. The average student loan burden is $32,731, more than double what it was...
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Black & In Debt: The Inequitable Burden of Student Loans on Black Borrowers
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The police brutality and corresponding protests of the past months have brought long standing issues of inequality and systemic racism to the collective forefront. Centuries of discriminatory practices and racist policies have led to starkly different realities for Black Americans....
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New Grads: 5 Tips On How to Manage Your Student Loans
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Congratulations on graduating—you did it! While this may not be an ordinary time to be starting your next chapter, making sure you stay on top of your student loans should remain a priority. Managing your student debt now can give...
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Meet the Summer Team: Geena
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In our Meet the Team series, we will be introducing members of the Summer team! First up, meet Geena, a software engineer who’s been with Summer since 2019.   Tell us about what you do at Summer.  I’m a software...
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AG Shapiro Announces Partnership Aimed To Unlock $100M in Student Loan Savings for All Pennsylvanians During COVID-19 Pandemic
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HARRISBURG – Today, Attorney General Josh Shapiro announced a partnership with Summer, a social enterprise, to provide free student loan assistance for all residents during the COVID-19 crisis. As a certified B Corp, Summer helps borrowers to simplify and save...
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Consolidating vs. Refinancing: What’s The Difference and What’s Right For Me?
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One of the most frequent questions we get from borrowers is about the difference between loan consolidation and refinancing. While both consolidation and refinancing can allow borrowers to simplify their payments, there are a number of important differences between the...
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