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3 New Pathways To Student Loan Forgiveness Through PSLF Under New Rules

Student Loan Planner

Public Service Loan Forgiveness (PSLF) is one of the most popular federal student loan forgiveness programs, and it has been in the news a lot during the last two years. As… The post 3 New Pathways To Student Loan Forgiveness Through PSLF Under New Rules appeared first on Student Loan Planner.

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Public Service Workers: Take Action by October 31, 2022 To Take Advantage of Temporarily Improved Loan Forgiveness Rules

NCLC Student Loan Borrower Assistance

Fortunately, the Department of Education has temporarily relaxed the rules of the program so that many more borrowers can benefit and can get their loans canceled sooner—or even now. What Are the Benefits of the Limited PSLF Waiver? Past periods of repayment in any repayment plan will count toward PSLF. .

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Do I qualify for the PSLF limited waiver?

NCLC Student Loan Borrower Assistance

On October 6, 2021, the Department of Education announced it would temporarily change the rules for PSLF so that more borrowers could obtain cancellation. While the PSLF waiver expired on October 31, the Department of Education has announced that some flexibilities will continue until May 1, 2023. Apply for the Waiver.

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The Public Service Loan Forgiveness Program

College Planners of America

Education Department (ED) is the Public Service Loan Forgiveness (PSLF) program, and it’s easy to figure out why. PSLF promises Federal loan holders that, upon meeting requirements pertaining to public service employment, the ED will wipe away a large part of their debt. Employers That Qualify for PSLF.

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A Sneak Peek At New Student Loan Rules Coming in July 2023

NCLC Student Loan Borrower Assistance

In November 2022, the Department of Education published final rules that will change regulations governing a variety of federal student loan cancellation programs as well as how interest impacts student loan burdens. The new rules will go into effect on July 1, 2023. . Across the board, these rules are a huge improvement.

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The Latest Student Debt Relief Announcements (Part 1): 277,000 More Borrowers Get Debt Relief

NCLC Student Loan Borrower Assistance

And Monday, President Biden announced plans for new debt relief rules that aim to provide some measure of debt relief to nearly 30 million Americans with student loans. PSLF provides loan cancellation after 10 years of qualifying payments while working in public service for the government or a qualifying nonprofit.

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Student Loan Forgiveness: Programs for Relief, Plus the Latest on Mass Forgiveness

Student Loan Hero

The big news on the student loan forgiveness front is that the federal government plans to forgive up to $10,000 in federally held student debt, or up to $20,000 if you previously received a Pell Grant. ( This new program — and the wide variety of other ways to get your student loans forgiven — offer a chance to relieve your debt burden.