The Department of Education has updated their site with more information about PSLF and IDR during COVID-19. The good news is that suspended payments count toward PSLF! See below for more info: From FedLoan Servicing: Public Service Loan Forgiveness (PSLF)…
On August 21, 2020, Secretary DeVos has “directed Federal Student Aid (FSA) to extend the student loan relief to borrowers initiated by the President and Secretary in March 2020 through December 31, 2020.” This means that borrowers will continue to…
The Department of Education has issued Final Regulations on August 13, 2020, which will allow PSLF applicants to count their hours spent on religious activities: “The Department has removed proposed § 685.219(c)(4), which would have prohibited PSLF applicants from counting hours…
UPDATE: see our latest post: http://www.holdfasttodreams.org/pslf-non-payments-count-for-trumps-executive-order/ President Donald Trump has issued an executive order today (August 8, 2020; see https://www.whitehouse.gov/presidential-actions/memorandum-continued-student-loan-payment-relief-covid-19-pandemic/) which has extended the previous student loan relief issued on March 20, 2020. The executive order will: “[P]rovide such deferments…
Looks like the rules have changed from our last posting. A few of the new changes (https://studentaid.gov/announcements-events/coronavirus#borrower-questions); TL;DR: Everyone gets forbearance and those payments count for PSLF (see below for details): Your payments will automatically stop from March 13, 2020,…
SEE UPDATED POST: http://www.holdfasttodreams.org/update-coronavirus-pslf/ With President Trump’s announcement on March 13, 2020, that interest would be waived on all federally held student loans and borrowers could request emergency forbearance, what does this mean for PSLF? (TL;DR: If you want PSLF…
Read on below for all the information from the ABA website. Hopefully this means the Department of Education will stop creating new PSLF “rules” without going through the proper legal changes such as regulations passed via Congress. We want to…