Blog Archives

US Dept of Education Overhaul of PSLF

The US Department of Education has announced in its press release today some major improvements to the PSLF program. Let’s get a breakdown: A limited PSLF waiver (StudentAid.gov/PSLFWaiver)This allows all payments by student borrowers to count toward PSLF, regardless of more »

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Upcoming Fixes to PSLF

According to NPR and their Department of Education source, PSLF will have a few changes coming up next week: Did you make payments on disqualified loans like FFEL loans? You can count it, for a limited time, if you apply more »

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Automatic Interest Waiver for Service Members

It looks like we have another announcement coming in! On August 20, 2021, the Department of Education made another beneficial announcement for service members: automatic interest waivers. Previously, service members would have to actually apply for the interest waiver, but more »

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Disability Student Loan Discharges

On August 19, 2021, the US Department of Education announced that it will automatically wipe out (discharge) student loans of borrowers with total and permanent disability (TPD). This will benefit around 323,000 borrowers beginning in September 2021 via matching to more »

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PSLF Approval Statistics in 2020

In the latest release of PSLF statistics from the Department of Education, we see that the number of unique borrowers with PSLF discharges processed as of November 2020 is…3,776. To us, that sounds a bit low, but keep in mind more »

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PSLF Help Tool Update

The PSLF Help Tool on the Dept of Education’s website has now been updated and is available here: https://studentaid.gov/pslf/ This new tool allows borrowers to look up their employer and see if their employer qualifies. It also tracks the number more »

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PSLF: COVID-19 Suspension of Payments Strategy

The COVID-19 relief for student loan borrowers gives all borrowers an automatic temporary suspension of payments until December 31, 2020.  If you’re in PSLF, that means that during these months until December 31, 2020, you don’t have to pay anything, more »

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COVID-19 Forbearance and PSLF

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) more »

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PSLF Non-Payments Count for Trump’s Executive Order

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 more »

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PSLF: Victory for Religious Organizations

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 more »

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