Original Air Date
December 8, 2021
When Congress passed the Public Service Loan Forgiveness Program, it included a lot of hurdles to qualify which led to an incredibly low number of discharges: less than half of one percent were approved after ten years of payments. Many loans were not eligible, wrong payment plans were recommended by servicers or payments were late or for incorrect amounts. Even paid ahead status caused rejections of qualifying payments. The Department of Education issued a PLSF Temporary Waiver in October 2021 designed to correct these deficiencies, but action must be taken prior to October of 2022 to qualify.
Christie Arkovich, Esq.
1.0 General Credit and 1.0 Education Law Certification Credit