The Department of Education has officially released REPAYE as the newest addition to the Income-Driven Repayment (IDR) Plan family. Read below for more information on the differences between REPAYE and other IDR Plans. You can apply online (StudentLoans.gov) or by…
On July 9, 2015, the draft rules on the newest repayment plan, REPAYE, were published (http://www.gpo.gov/fdsys/pkg/FR-2015-07-09/pdf/2015-16623.pdf). The rules that affect PSLF, as discussed in our previous post (http://www.holdfasttodreams.org/repaye-compared-to-ibr-and-paye-for-pslf/) , are: “[P]ayments made under the alternative repayment plan would not count…
Once again, we have another blog post from Homeroom, “The Official Blog of The U.S. Department of Education,” explaining “How to Qualify for Public Service Loan Forgiveness” (https://www.ed.gov/blog/2015/04/how-to-qualify-for-public-service-loan-forgiveness-2/) It’s from the same author, as the previous post on the 5…
On December 19, 2014, the Department published a notice in the Federal Register announcing a “negotiated rulemaking committee to: (1) prepare proposed regulations to establish a new Pay as You Earn repayment plan for those not covered by the existing…
Connect-the-dots as an easy and fun way to keep track of your 120 PSLF qualifying repayments! The joy is like watching a very slow plant grow. Click Here to Download the Cat Bus PSLF Tracker You may want to check…
It’s refreshing to read that PSLF is still being promoted by the U.S. Department of Education, especially after Obama’s 2015 Proposed Budget. If you click on the Twitter link from Department of Education (http://www.ed.gov/blog/2014/05/the-five-qs-of-public-service-loan-forgiveness/), it leads you to the “Official…
There has been much debate on whether Obama’s 2015 Proposed Budget with the PSLF cap ($57,500) would apply to new, old or all borrowers. Now there is further clarification on the matter from the Department of Education’s Press Office. Question:…
UPDATE (April 5, 2014): See our new post “The U.S. Department of Education (ED) Official Statements on Obama’s 2015 Proposed Budget: Impact on Public Service Loan Forgiveness (PSLF)”: http://www.holdfasttodreams.org/?p=494 Obama’s 2015 Proposed Budget includes new limits on how much debt…
UPDATE (March 8, 2014): See our new post “Obama’s 2015 Budget Proposal”: http://www.holdfasttodreams.org/?p=481 UPDATE (April 5, 2014): See our new post “The U.S. Department of Education (ED) Official Statements on Obama’s 2015 Proposed Budget: Impact on Public Service Loan Forgiveness…