Here's what's changed and what's unchanged about the Public Service Loan Forgiveness (PSLF) program as of October 6, 2021.
Changes Until October 31, 2022
- Receive credit for periods of repayment on Direct, FFEL, or Perkins Loans
- Periods of repayment under any plan count
- Periods of repayment on loans before consolidation count, even if on the wrong repayment plan
- Periods of repayment where payments were late or for less than the amount due also count
- Periods of repayment on loans before consolidation count, even if paid late or for less than the amount due
- Can get forgiveness even if not employed or not employed by a qualifying employer at the time of application and forgivenes
- If you got Teacher Loan Forgiveness, the period of service that led to your eligibility can count toward PSLF if you certify PSLF employment for that period.
Normal PSLF Requirements
- Receive credit only on Direct Loans
- Repay under the 10-year Standard Plan or an income-driven repayment plan
- Make on-time payments
- Work full time for a qualifying employer in order to receive credit
- Must work for a qualifying employer at the time of application and forgiveness
- If you got Teacher Loan Forgiveness, the period of service that led to your eligibility cannot also count toward PSLF.
If you have additional questions about this limited time opportunity to benefit from the PSLF waiver, then please go to the Education Department's PSLF Waiver webpage.
Or, contact the Dombrow Law Firm to learn how to schedule a Federal student loan analysis of your situation.