The U.S. Department of Education has implemented temporary changes to the Public Service Loan Forgiveness (PSLF) program that make it easier for federal student loan borrowers to receive credit for past periods of repayment that would otherwise not qualify for forgiveness. These changes end on Oct. 31, 2022.
Millions of non-profit and government employees have federal student loans and may now be eligible for loan forgiveness or additional credit through the temporary changes, known as the Limited PSLF Waiver. But they must apply before the deadline.
This means some borrowers will need to consolidate and/or submit a PSLF form – the single application used for a review of employment certification, payment counts, and processing of forgiveness – on or before Oct. 31, 2022, to have previously ineligible payments counted. After Oct. 31, 2022, normal PSLF rules will apply.
The new PSLF website – pslf.gov – includes a simple, 3-step eligibility tool as well as more information on the program. Borrowers can also read about the temporary changes at studentaid.gov/pslfwaiver.