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...
The idea behind PSLF was that if you worked full-time in public service (ex. military, government, nurses, teachers, non-profit workers) and made regular income-based payments for 10 years (120 monthly payments), you would have the remaining balance forgiven at the end of those 10 years. ...
Loan servicer transfers are a headache, but they are a headache provided free of charge by the Department of Education. About the Author Student loan expert Michael Lux is a licensed attorney and the founder of The Student Loan Sherpa. He has helped borrowers navigate life with student debt s...
Public Service Loan Forgiveness (PSLF):This program is designed to encourage individuals to work in public service jobs. Borrowers who work full-time for qualifying employers, such as government or non-profit organizations, can have their loans forgiven after making 120 qualifying payments under an ...
changes in the Education Department regarding student loans, I think the overall takeaway is that if you’ve had problems with your student loan management in past years, now would be a good time to check again –especiallyif you are working towards thePublic Service Loan Forgiveness (PSLF)...
If 0.75 FTE is viewed as full-time in an organization, such workers may qualify to apply for the Public Service Loan Forgiveness (PSLF) program. Nonetheless, remember that this mainly applies to places that work 30 hours out of every week when relegated with a 0.75 FTE position, for ...
My take.I personally don’t see anything special that would encourage me to aspire to Diamond or Diamond Honors status, but you may feel differently. I’m glad that they are keeping the 75% boost for $100,000 in assets, and it has worked as I would not otherwise have much of a “...
Did your loan servicer make a mistake calculating your balance? Was there an error processing your payment, and now you have a late fee? Filing a complaint can also bring attention to your individual situation. When you file a complaint, your information is sent to your student lender. They...
Regardless of whether an FTE of 0.75 is viewed as full-time will rely upon the organization policy made by the business. If 0.75 FTE is viewed as full-time in an organization, such workers may qualify to apply for the Public Service Loan Forgiveness (PSLF) program. ...