Harvard University Employees Credit Union (HUECU) invited Mayotte to break down President Biden’s
Student Loan Relief Program and provide tips for borrowers.
Cambridge, MA—October 14, 2022— After almost three years of the unknown, federal student loan
borrowers learned their fate last month when President Biden made a final decision to erase $10,000 to
$20,000 for borrowers who matched certain criteria. This past September’s ruling left many perplexed
and filled with additional questions. To bring clarity and help borrowers sift through the unknown,
Harvard University Employees Credit Union (HUECU) invited Betsy Mayotte, President, and Founder of
The Institute of Student Loan Advisors (TISLA) to host a webinar on October 12th entitled,
“Understanding President Biden’s Student Loan Debt Relief Program”. Over 600 registered and over 300
participated live via Zoom.
“The Department of Education’s debt relief plan will benefit millions of borrowers, including those that
have previously defaulted, or are working toward public service loan forgiveness,” said Tanya Tanaro,
VP, of Education & Consumer Lending at HUECU. “The issue is the system is overly complicated. If
you’re not well-versed in student loans, the eligibility requirements are difficult to interpret, and the
process to obtain benefits can feel like a barrier.”
Mayotte has been working in the student loan industry for more than 20 years and has helped thousands
of borrowers with their student loans. She has also served as a primary negotiator for several federal Title
IV negotiated rulemaking sessions, such as the use of student loans at foreign schools, loan rehabilitation,
and borrower defense to repayment.
Tanaro went on to say Mayotte’s presentation is of the utmost importance because, “we at HUECU care
about the financial health of our members, and have an obligation to provide sound guidance and
information to help them successfully manage and repay their debt, whether or not they have student
loans with us.”
This webinar’s recording is available on HUECU’s YouTube channel, at
HUECU encourages all to view and share this valuable resource.
About The Institute of Student Loan Advisors Corporation (TISLA)
The Institute of Student Loan Advisors Corporation (TISLA) is a non-profit, founded to ensure that all
student loan borrowers have access to free, neutral, and clear student loan advice and dispute resolution
assistance. TISLA’s free resources are available at
-ENDFor more information, please contact Migdalia Gomez at 617- 496-7884 or Migdalia_Gomez@
About Harvard University Employees Credit Union
Since 1939, the Harvard University Employees Credit Union (HUECU) has existed solely for the best
interest of its members. HUECU is Harvard University’s not-for-profit financial institution, serving
students, faculty, alumni, staff, and Harvard University teaching hospitals. As a not-for-profit cooperative,
HUECU shares profits with members and reinvests them into the community through financial education,
social responsibility, and charitable giving. HUECU provides a complete line of services to meet
member’s financial needs.