The limited waiver on PSLF was intended to address these issues, as was the one-time account adjustment. While qualifying for PSLF is now less difficult, the lesson remains: even if a program is in place, poor implementation can cause major problems for borrowers. ...
the Limited Waiver on PSLFwas created to help borrowers who were given inaccurate information by loan servicers and relied on it. Similarly,the one-time IDR account adjustmentwas necessary because servicers often steered borrowers toward deferments or forbearances when they would have...
Although the Limited PSLF Waiver ended in October 2022, some provisions were made permanent. For instance, borrowers can still have late, partial or lump-sum payments credited toward their PSLF progress. In addition, borrowers can still receive credit for months spent in forbearance or ...
The Biden administration's temporary PSLF waiver will make it easier for thousands of borrowers to have their federal student loans forgiven. (iStock) Expand Over 30,000 federal student loan borrowers will receive an estimated $2 billion in forgiveness as part of the Public Service Loan Forgiven...