This year, members of our union organized, petitioned, and held the leaders we elected accountable to expand student debt relief and ensure the national Public Service Loan Forgiveness (PSLF) program works the way it was intended. And now, we’ve secured a major victory: In October 2021, the U.S. Department of Education announced a major overhaul of the PSLF program! Over 70,000 borrowers were awarded PSLF under these new rules. See if you are eligible!
The Department of Education has created a Limited Waiver Opportunity where, until Oct. 31, 2022, many of the traditional requirements for achieving Public Service Loan Forgiveness have been relaxed. One interesting change included in this Limited Waiver Opportunity allows the period of service that led to an individual who was eligible and received Teacher Loan Forgiveness to count those years of service towards PSLF, if employment certification for PSLF is completed for that period of time. You learn more about this change and find more information on the limited waiver opportunity here.
Watch NEA’s Export Briefing on the PSLF Updates and the NEA Town Hall with the Department of Education on the PSLF Updates – We received exciting news from the Department of Education on Public Service Loan Forgiveness: this long broken program was finally getting an overhaul!
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Do you have federal student loans?
Do have federal Parent PLUS loans?
Do you have family or friends burdened with student loan debt?
If you answered, “Yes!” to any of the above then Degrees Not Debt is for you! The National Education Association recognizes the burden student loans debt is putting on public educators and developed a campaign called “Degrees Not Debt.” This campaign is intended to inform student loan borrowers of their rights and options in the repayment process. Many borrowers are unaware of their eligibility for programs that can make their monthly payment affordable and provide loan forgiveness.