(From the IEA e-mail newsletter dated April 28th)
More good news on student debt relief through the Public Service Loan Forgiveness Program (PSLF). The “pause” on making student loan payments has been extended to Aug. 31. This means that not making payments during the “pause” will not jeopardize your eligibility for PSLF and there will be no interest charged on your loan during that period.
One more date to keep in mind: If you want to get a previous denial of your PSLF debt relief waived, you must apply by Oct. 31. Until then, educators are eligible for PSLF if they have made 120 payments while working for a certified employer.
- It does not matter what kind of loan you had;
- It does not matter if you have been denied forgiveness in the past;
- And, it does not matter if some payments were not previously credited.
For more information on:
- PSLF in general
- On the “pause”, same URL as above, scroll down to: I have not made student loan payments during the cares act payment pause. How does that affect my PSLF payment count?
If you, or anyone you know, has gotten student debt relief from either PSLF or TLF, please let us know by contacting Frank Brooks. We’d love to feature such successes in future communications from the Higher Ed Council!
And don’t forget that IEA members have access to a free student loan benefit, the NEA Student Debt Navigator, powered by Savi. Sign up at neamb.com/GetNavNEA to receive personalized advice from student debt experts and to gain access to Savi’s e-filing function, which helps eliminate the common mistakes that bar many applicants from receiving forgiveness.
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