Do you have student loans for yourself or your children? Join to see if you qualify for this amazing opportunity!
In October 2021, the Biden Administration issued a “Limited Waiver” of some of the strict requirements of the Public Service Loan Forgiveness Program (PSLF). Prior to the waiver, only 16,000 borrowers had ever received forgiveness through PSLF. Between October 2021 and January 2022, 70,000 borrowers received forgiveness under the Limited Waiver. Earlier this month, the U.S. Department of Education announced that it has identified an additional 30,000 borrowers now eligible, bringing to $6.2 billion the amount of student debt forgiven under the temporary waiver. In addition, the Department estimates that hundreds of thousands more borrowers will be on average 2 years closer to loan forgiveness because of the waiver’s provisions.
Regardless of whether a borrower is eligible for immediate forgiveness or is working towards eligibility, it is critical for educators and other public service workers to submit a PSLF application before October 31, 2022, to receive the benefits of the Limited Waiver.
And it is imperative that NEA and our affiliates ensure our members understand the importance of meeting this deadline and provide accurate guidance in navigating the PSLF process. To that end, NEA has created guidance and other resources for members as well as affiliates seeking to assist those members in obtaining the promise of PSLF.
Please join us for a webinar on Tuesday, April 5, 2022, from 12:00-1:00 p.m. (CST) to discuss the nuts and bolts of the PSLF program and the NEA resources that are available to our members. Feel free to extend this invitation to all staff members interested in learning more.
Please register for the webinar using the following link: