Education Department Urges Borrowers To Apply For Student Loan Forgiveness Before October Deadline

The initiative — a temporary expansion of a student loan forgiveness program for borrowers working in public service jobs — has already resulted in over $8 billion in approved student loan cancellation for thousands of borrowers, according to the Department of Education. But advocates are worried that many more borrowers may not realize that they qualify for relief.

But since its enactment, PSLF has been mired in problems due to complex eligibility rules, administrative problems, and poor oversight. As a result, approval rates hovered in the one to two percent range for years.the Limited PSLF Waiver , the Education Department temporarily relaxed some of the program’s strict rules to retroactively count prior loan periods that otherwise could not qualify towards PSLF, including payments made under the “wrong” repayment plan or on the “wrong” type of federal student loan. The administration went even further in April to permit certain past periods of deferment and forbearance to count towards PSLF, as well.

But the Limited PSLF Waiver program is only available for a relatively short period of time — and that time is sending soon, with an October 31 expiration date approaching. Advocates are growing increasingly concerned that millions of borrowers may not know about the Limited PSLF Waiver opportunity, particularly in light of the ongoing student loan pause on payments, which has now entered its third year.

Using taxpayer $$$ to purchase votes. Bail me out of my mortgage with other people's money and I'll vote Dem too! Woo 'free' stuff for all. Howabout a fucking tax refund? I don't like how my money's being given away.

The government giving you a loan for services they are meant to provide has to be one of the biggest daylight robberies in history.

They need to hire people to process the applications. I’ve documented my eligibility for 10 years & filed for forgiveness last year. I still haven’t received it. They keep saying they are overwhelmed & to be patient.

Running out of students and teachers with your inaction on Covid.

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Millions of student loans being serviced by new company | What you should know'Many people are logging on to their Navient site and seeing a zero balance. It turned out to be a cruel joke because the loan balance just transferred over to Aidvantage.' Just gotta cancel it. Biden twiddling his thumbs. Shit or get off the pot. Typical college students. They want free college. This was only a surprise if you were not on top of your loans. They sent emails about the switch. Bunch of lazy mofos trying to pass the buck instead of being responsible. And they 'went to college'.
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