We love to comb through success stories for PSLF on reddit.com/r/PSLF/! It looks like the more recent success stories have a faster turnaround time (1-2 months) compared to older ones (3-5 months). Here are some key takeaways: Make sure the…
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…
Fedloan Servicing has finally made right on its past error where it pulled the PSLF rug from under several ABA employees. That resulted in a lengthy lawsuit that found resolution in February 2019. The US District Judge Kelly ruled that…
How do the PSLF servicer officials check whether your employer qualifies for PSLF? While researching the recent PSLF statistics from the GAO Report, we found that the following sources are used: IRS list of 501(c)(3) organizations, government websites, and private…
We’ve been seeing a lot of news articles with unsuccessful PSLF stories, and we believe that it’s time for a reminder that everyone should be check the status of their PSLF by filing the ECF. This may not be a…