Public Service Loan Forgiveness Webinar Recording and Slide Deck Now Available
PSLF Webinar Recording
This is the recording of the May 9, 2022 PSLF webinar. Here is the slide deck from the event.
Federal student loan forgiveness may be an option for you—join an upcoming webinar to find out more
The U.S. Department of Education’s Public Service Loan Forgiveness (PSLF) Program was created to encourage individuals, like you, to pursue careers in public service. The Program was designed to “forgive,” or eliminate, the debt remaining from Direct Loans after qualifying individuals have made 10 years’ worth of qualifying payments, while working full-time for a qualifying employer, such as a local church. Direct Loans are the term used for one type of the Department of Education’s federal student loans.
Employees Working for Faith-based Organizations are Eligible
While initially clergy and some others working for faith-based organizations were generally excluded from the PSLF Program because “religious instruction, worship services, or any form of proselytizing” didn’t count toward the full-time work requirement, the Department of Education reversed the exclusion effective July 1, 2021.
Limited-time Opportunities Can Benefit You in a Big Way
Additionally, thanks to a limited-time waiver, certain payments will now count toward loan forgiveness. These payments include those that were late or for less than, the total amount due; payments made on federal loans under programs that previously did not qualify, such as the Federal Family Education Loan (FFEL) or Perkins loans; and payments made under any repayment plan type, as long as you consolidate any “other” loans into Direct Loans by October 31. To be eligible, you may need to set up a consolidated Direct Loan with income-driven repayments. You must also submit a PSLF Form to FedLoan Servicing by that date.
Learn more about how the limited-time waiver can help you. The PSLF website also provides detailed information about the PSLF Program.
An Expert Presenter
Both webinars will be led by Scott Filter, senior advisor in the Office of Students and Young Consumers at the U.S. Consumer Financial Protection Bureau. Scott previously worked at the U.S. Department of Education and helped write the PSLF Program regulations; his expertise is in the areas of student debt and higher education policy.
For additional information, we encourage you to visit the following webpages: