You know just how many factors go into a person’s health: family history, diet, exercise, environmental factors…the list goes on. There are other influences that may not so readily come to mind, but researchers are continually finding links between different stressors in our lives and their impact on our health. One that you may not have thought about before, but is receiving more and more attention: student loans.
If you’re been pursuing PSLF for years and think you’re finally ready to apply for forgiveness, you’ve actually already gone through the steps, you may just not have known it!
Over the past year or so, we’ve seen a lot of positive movement on student loans. President Biden campaigned on student loan reform, and after years of growing national student debt, it seems like we’re finally seeing progress. While some are still eager to see sweeping student debt cancellation, let’s not ignore some of the major reforms that we’ve already seen
The federal student loan program still isn’t perfect, and these changes won’t solve every problem, but they’re yet another step along a path of significant improvements. If you’re wondering how these changes could affect your situation, give us a call! Otherwise, stay tuned for more updates on the Biden-Harris Administration’s revamp of federal student loans.
Navigate isn’t a news organization, we’re student loan advisors and we make helping you our business. When we post tips, we do it to help our clients. We’re not here to catch attention, we do it to keep people informed and to help them save money. Student loans are expensive enough, so look to the experts when you need the best information.
Navigate isn’t a news organization, we’re student loan advisors and we make helping you our business. When we post tips, we do it to help our clients. We’re not here to catch attention, we do it to keep people informed and to help them save money. Student loans are expensive enough, so look to the experts when you need the best information.
The PSLF Help Tool is designed to guide borrowers through the steps of determining if their employment qualified them for PSLF, making sure they’re on the right repayment plan, and filling out the ECF properly.
We and our partners are working to make sure that PSLF stays strong, works better, and endures. You may not be able to wrap it and tie a bow around it, but—for many—PSLF is a gift that keeps on giving, and one that can last for generations.
Let us work toward true harmony, the blending of different tones and timbres into one beautiful chord. Let us build a future where we can be grateful for all peoples, all cultures, all gifts. For starters, we need to take off the rose-tinted glasses and remember that Thanksgiving was never so perfect as a Norman Rockwell painting. Change starts with truth-telling: we have work to do.
Under the recently announced Limited Waiver Opportunity for PSLF, FFEL borrowers have an opportunity to pursue PSLF without restarting the clock. As long as the other conditions for PSLF were met—full-time employment at a public service organization like a 501(c)(3)—previous payments made on FFELs will count towards PSLF as long as they are consolidated before October 31, 2022 and submit the appropriate employment paperwork.. Finally, borrowers under this orphaned loan program will be able to enjoy PSLF without the added hurdle of 10 extra years of repayment.