What you need to know about the Public Service Loan Forgiveness Waiver that expires on Oct 31st!

This information and more can be found at the StudentAid.gov website.

Key Points: PSLF Summary of Changes

The “limited PSLF waiver” refers to the time-limited changes to Public Service Loan Forgiveness (PSLF) Program rules that allow borrowers to receive credit for past periods of repayment that would otherwise not qualify for PSLF. This opportunity ends on Oct. 31, 2022.

Note: If you are new to PSLF and want some background about the program, please visit our PSLF information page.

Key Points: PSLF Summary of Changes

For a limited time, you may receive credit for past periods of repayment on loans that would otherwise not qualify for PSLF.

  • If you have FFEL Program loans, Federal Perkins Loans, or other federal student loans, you'll need to consolidate your loans into a Direct Consolidation Loan to qualify for PSLF, both in general and under the new time-limited rules described on this page. Before consolidating, make sure to check to see if you work for a qualifying employer. Learn about consolidation and the pros and cons of consolidating your loans.

  • Past periods of repayment will now count whether or not you made a payment, made that payment on time, for the full amount due, or on a qualifying repayment plan.

  • Forbearance periods of 12 consecutive months or greater, or 36 cumulative months or greater will count under the waiver. In fall 2022, ED will begin making account adjustments to include these periods. Forbearance periods provided by the COVID-19 emergency relief flexibilities are not included toward these months.

  • Months spent in deferment before 2013 will count under the waiver. Additionally, ED will include economic hardship deferment on or after Jan. 1, 2013. ED will apply these periods of deferment to your account in fall 2022.

  • Periods of default and in-school deferment still do not qualify.

Note: The qualifying employment requirement has not changed. To determine if your employer qualifies for PSLF, use our employer search tool.

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