Monthly Archives: October 2020

COVID-19: Upload PSLF ECF’s

Posted on October 27, 2020 by askHFTD

COVID-19 has forced many to turn to digital formats for exchanges of information. Did you know you can directly upload PSLF ECF’s onto FedLoan Servicing’s website? Save yourself a stamp and a trip to the post office! Here’s how: Login…

Tagged with: ECF, employment certification form, fedloan servicing, PSLF, public service loan forgiveness
Posted in blog, COVID-19

PSLF & Digital Signatures: Denials

Posted on October 26, 2020 by askHFTD

During the COVID-19 pandemic, there has been an increase in work from home setups where it becomes much easier and safer for HR to electronically sign Employment Certification Forms (ECF’s) for PSLF. Are digital signatures allowed for PSLF ECF’s? Some…

Tagged with: digital signatures, e-signature, electronic signatures, PSLF, public service loan forgiveness
Posted in blog, COVID-19

PSLF Statistics August 2020

Posted on October 26, 2020 by askHFTD

We’ve often heard of the horror stories of student borrowers not qualifying for Public Service Loan Forgiveness (PSLF) after so many years of hoping and waiting, but taking a closer look at the overall PSLF statistics gives a better understanding…

Tagged with: PSLF, PSLF application, public service loan forgiveness
Posted in blog

IDR Recertification & COVID-19 Strategy

Posted on October 13, 2020 by askHFTD

If you’re on an income-driven repayment (IDR) plan, you probably received the following e-mail from the Department of Education, asking you if you would like to recertify your IDR plan early, before your scheduled recertification date: Recently, you received a…

Tagged with: coronavirus, COVID-19, IDR, income driven repayment, recertify
Posted in blog, COVID-19

PSLF: COVID-19 Suspension of Payments Strategy

Posted on October 12, 2020 by askHFTD

The COVID-19 relief for student loan borrowers gives all borrowers an automatic temporary suspension of payments until December 31, 2020. If you’re in PSLF, that means that during these months until December 31, 2020, you don’t have to pay anything,…

Tagged with: coronavirus, COVID-19, department of education, PSLF, public service loan forgiveness, suspension of payments
Posted in blog, COVID-19

COVID-19 Forbearance and PSLF

Posted on October 3, 2020 by askHFTD

The Department of Education has updated their site with more information about PSLF and IDR during COVID-19. The good news is that suspended payments count toward PSLF! See below for more info: From FedLoan Servicing: Public Service Loan Forgiveness (PSLF)…

Tagged with: coronavirus, COVID-19, department of education, fedloan servicing, PSLF, public service loan forgiveness
Posted in blog, COVID-19

PSLF $0 Payments: For Real?

Posted on October 2, 2020 by askHFTD

Short answer, yes! Many times, borrowers are confused as to whether $0/month payments count towards PSLF. If the borrower’s income level is low enough, the income-driven repayment plan (IDR) will place the borrower in a $0/month repayment schedule. Usually borrowers…

Tagged with: $0/month, PSLF, public service loan forgiveness
Posted in blog

PSLF Recount Problems

Posted on October 1, 2020 by askHFTD

We’ve seen many horror stories about completing PSLF recounts. Sometimes recounts are needed when borrowers switch repayments plans, switch loan servicers, consolidate, split loans, it seems just about any transaction under the sun! Usually the wait time for PSLF recount…

Tagged with: Ombudsman, PSLF, PSLF Recount, public service loan forgiveness, recount
Posted in blog