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…
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,…
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)…
On August 21, 2020, Secretary DeVos has “directed Federal Student Aid (FSA) to extend the student loan relief to borrowers initiated by the President and Secretary in March 2020 through December 31, 2020.” This means that borrowers will continue to…
UPDATE: see our latest post: http://www.holdfasttodreams.org/pslf-non-payments-count-for-trumps-executive-order/ President Donald Trump has issued an executive order today (August 8, 2020; see https://www.whitehouse.gov/presidential-actions/memorandum-continued-student-loan-payment-relief-covid-19-pandemic/) which has extended the previous student loan relief issued on March 20, 2020. The executive order will: “[P]rovide such deferments…
SEE UPDATED POST: http://www.holdfasttodreams.org/update-coronavirus-pslf/ With President Trump’s announcement on March 13, 2020, that interest would be waived on all federally held student loans and borrowers could request emergency forbearance, what does this mean for PSLF? (TL;DR: If you want PSLF…