PSLF was established in 2007 to encourage more people to pursue careers in public service by forgiving some of their college debt.
If you work for a federal, state, local, tribal, or non-profit agency in the United States, you may be eligible for the PSLF program.
In recent years, many student loan holders have received some relief.
On October 6, 2021, the govt announced a temporary period during which debtors can obtain credit for payments that did not previously qualify for PSLF.
A government employee must make 120 qualifying payments to be eligible for PSLF.
The Presbyterian Church announced the date of the PSLF forgiveness webinar today.
PSLF is not available to labour unions, partisan political organisations, or for-profit businesses, such as government contractors.
According to Edu Dept data, as of early April 2022, more than 113,000 borrowers had qualified for forgiveness under the PSLF limited waiver.
Any previous term of payback, regardless of loan program or repayment plan type, will be eligible for PSLF through October 31, 2022.
For its high ineligibility rates, the program has been rebuked and recently investigated.