Public Service Loan Forgiveness Deadline is End of October
The federal government announces that the Public Service Loan Forgiveness deadline is coming up. Borrowers employed full time by a qualifying nonprofit or the government while making payments for student loans may have additional opportunity for student loan forgiveness. Many teachers, social workers and first responders, as well as some doctors and lawyers may qualify.
Borrowers must apply for a waiver by October 31st in order to take advantage of the benefit. The PSLF waiver is separate from the one-time student loan forgiveness plan as it cancels any remaining federal student loan debt for eligible government and nonprofit workers after they have made 120 qualifying monthly payments, which takes at least 10 years. The amount of student debt relief is not capped.
But, the PSLF program has been riddled with problems.
The temporary waiver attempts to resolve those issues so that some borrowers can retroactively qualify for student loan forgiveness under PSLF.
The Public Service Loan Forgiveness program, created by Congress in 2007, isn’t going away – but the temporary waiver will expire October 31st.
See the link below for more information on eligibility and the application process.
https://studentaid.gov/articles/take-advantage-pslf-waiver/
Most Recent News
- University Hospital Earns Renewed Level 1 Trauma Verification, National Stroke and Heart Care HonorsUniversity Hospital Earns Renewed Level 1 Trauma Verification, National Stroke…… Continue Reading
- Two Separate Narcotics Related Search Warrants Lead to the Arrest of a Mexico Man and Rush Hill WomanTwo Separate Narcotics Related Search Warrants Lead to the Arrest…… Continue Reading
- KWWR Sports Report 9/04/2024KWWR Sports Report 9/04/2024 The Mexico Lady Bulldogs Softball lost…… Continue Reading
- KWWR Sports Report 8/14/24KWWR Sports Report 8/14/24 The St. Louis Cardinals lost 4-1…… Continue Reading
- KWWR Sports Report 8/12/24KWWR Sports Report 8/12/24 Mexico, Missouri native and Los Angeles…… Continue Reading
- Route 151 At the Intersection of Routes 22 and 124 in Centralia to Close Next WeekRoute 151 At the Intersection of Routes 22 and 124…… Continue Reading
- Missouri Highway Patrol Releases More Details of Fatal Crash on I-70 in Callaway CountyMissouri Highway Patrol Releases More Details of Fatal Crash on…… Continue Reading
- Charges Filed Against Truck Driver in Fatal Columbia Crash on I-70Charges Filed Against Truck Driver in Fatal Columbia Crash on…… Continue Reading