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October 6, 2021. Contact: Press Office, (202) 401-1576, press@ed.gov. The Public Service Loan Forgiveness (PSLF) Program is an important—but largely unmet—promise to provide debt relief to support the teachers, nurses, firefighters, and others serving their communities through hard work that is essential to our country’s success.
The Biden-Harris Administration today announced an update on the timing of the payment count adjustment. This administrative fix ensures borrowers get proper credit for progress borrowers made toward income-driven repayment (IDR) forgiveness and Public Service Loan Forgiveness (PSLF).
After the improvements, PSLF borrowers will have all of their PSLF information centralized on StudentAid.gov so that the Department can provide real-time and more accurate information on payment counts and form processing. They will also be able to call the Department’s contact center directly for any questions about PSLF and will have a ...
To mark Public Service Recognition Week, the U.S. Department of Education (Department) today announced that, as of the beginning of May 2023, it has approved a total of $42 billion in Public Service Loan Forgiveness (PSLF) for more than 615,000 borrowers since October 2021.
Prohibitory Order. A Prohibitory Order is a legal instrument issued by the United States Postal Service, against a mailer, on request of a recipient. Its effect is to criminalize any further attempt by a particular mailer to continue to send advertisement material to a particular recipient through the United States Postal Service. [1]
This created confusing and varying standards. A single 30-hour-a-week requirement will make it easier for borrowers and employers to establish what it means to be full-time. Require employers, for purposes of PSLF, to give adjunct and contingent faculty credit of at least 3.35 hours of work for every credit hour taught.
The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 (10 years) qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer. Loans from the Federal Perkins Loan (Perkins Loan) Program programs do not qualify for PSLF ...
For borrowers who submitted a PSLF form for the first time after May 1, 2022, and have yet to be transferred, these accounts will be transferred to MOHELA after July 1, 2022. FedLoan Servicing will continue to process PSLF forms and will identify borrowers for transfer to MOHELA.
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