Date(s) - Wed, May 11, 2022
4:30 pm - 5:30 pm
Your union has the tools and knowledge to help you navigate changes to the PSLF program. Join us at our upcoming webinar to learn about program changes and the NEA Student Debt Navigator, for a personal analysis of your loans and how these changes impact you.
In the past two years, hundreds of thousands of NEA Members have made phone calls, sent letters and emails, and testified before state and federal lawmakers to share their experiences with the failed Public Service Loan Forgiveness program.
This fall, thanks to the hard work and advocacy of educators, the Biden-Harris administration announced that a host of changes would be made to the program in order to make it more accessible to qualified borrowers. These major improvements, many of them retroactive, will have an immediate and positive impact on educators who carry student loan debt. To date, 30,000+ public service employees have had their loans forgiven as a result of the retroactive changes! They include:
- Borrowers now have until October 31, 2022 to certify their qualifying employment and apply for the PSLF program if they have not already done so under the Limited PSLF Waiver.
- Qualifying payments have been simplified to include more types of repayment plans, late payments, and payments with small discrepancies in the amount paid.
- The application process for PSLF will be simplified by improving data collection from state and federal employers so that certification can be automated.
- The Department of Education will facilitate regular audits of student loan servicers to ensure that correct processes are being followed.