Date: Thursday, August 25
Time: 12PM - 1 PM
Working in public service, such as the City of Philadelphia, schools, or certain non-profit organizations may qualify you for Public Service Loan Forgiveness (PSLF). PSLF allows federal student loans to be forgiven after 10 years (120 months) of payments, while working for a public service employer.
There have been many problems with PSLF since its start in 2007 and very few people have been able to benefit from this program. However, the U.S. Department of Education announced a change to PSLF program rules for a limited time.
Under the PSLF Limited Waiver opportunity, most of the PSLF qualifying payment rules have been suspended through Oct. 31, 2022. Under this temporary waiver, once you take the necessary steps, you may get credit for payments you’ve made on loans that would not normally qualify for PSLF.
Figuring out your necessary next steps can be confusing and steps vary. PFCU is presenting a webinar to help you understand and navigate this limited-time opportunity. Please register and share! They will be joined by one of PFCU’s non-profit partners, Episcopal Community Services’ Financial Specialist, Dominic Calvarese.
Get started on your own:
Visit the Department of Education’s Aid Summary resource to determine what type of federal student loans you have at Log In | Federal Student Aid
Use the PSLF Help Tool to figure out your personal next steps for pursuing forgiveness at PSLF Help Tool
Resources and Tools
Consumer Financial Protection Bureau (CFPB) tool: Step by step procedure
CFPB: What you need to know to take advantage of the limited waiver
Federal Student Aid: PSLF overview
Information on Limited PSLF Waiver
Log in and figure out your personal next steps for pursuing forgiveness
Check to see if your employer qualifies