This week we received an email from Dave, who is concerned his employer may not be eligible for Public Service Loan Forgiveness (PSLF). In our discussion today, we’ll cover the process for verifying PSLF employer eligibility and outline the necessary actions. If you have any questions for th...
(Public Service Loan Forgiveness) participation by “loan types and payment plans that were not previously eligible” under current Federal Law (34 CFR § 685.219 – Public Service Loan Forgiveness Program), which begs the question: If the Dept of Ed is, by their own admission, breaking the ...
The 30-hour rule was also put into place. It used to be that to qualify for PSLF you had to be “full time” however your employer defined that. Now, the government defines it as working at least 30 hours at a nonprofit (whether the employer considers that full time or not). More ...
You must consolidate these other types of federal student loans to make them PSLF-eligible: Federal Family Education Loan Program (FFELP) loans. Parent PLUS loans. Perkins loans. If you qualify for Perkins loan cancellation, which offers forgiveness after at least four and seven years of publi...