Blog Archives

President Trump and Future of PSLF

Since President Trump has been in office, we have seen a rise in concerns of the future PSLF. We do not believe PSLF will be retroactively eliminated, for a number of reasons, some of which we blogged about earlier. We

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Lawyers Sue Department of Education for PSLF

On December 20, 2016, the American Bar Association (ABA), a very powerful lawyer organization filed suit against the Department of Education for retroactively denying lawyers eligibility under PSLF. The ABA is a professional membership organization for lawyers that does a lot of

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PSLF Statistics Released on Dec. 20, 2016

On December 20, 2016, the U.S. Department of Education’s Federal Student Aid (FSA) office posted a series of updates to its data center, a collection of key performance data about the federal student aid portfolio. The updates include a report

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Tracking PSLF: Now on Paper Statements

As we mentioned before, keeping track of PSLF payments just got easier. The PSLF qualifying payments now appear on your paper statements. Here’s a scanned, redacted copy of what it looks like: The PSLF number on the statement lists only

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PSLF Statistics

Since PSLF is a relatively new program, we have had to guess at the number of student borrowers who will eventually benefit. Now we have some solid statistics from the Federal Student Aid Data Center. We’re pleased to see so

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PSLF Bill Updates Are Coming!

FedLoan Servicing, the official PSLF loan servicer, will be adding information to their billing statements tracking the total number of qualifying PSLF payments for each loan. This makes it much easier to keep track of PSLF payments. Previously, the only

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You Can Apply for REPAYE Now!

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

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Draft Rules for the New Repayment Plan REPAYE: Effect on PSLF

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

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The U.S. Department of Education (ED) Explains How to Qualify for PSLF

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

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Our Comment on PAYE Proposed Regulations: “Auto-PAYE”

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

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