The United States Department of Labor (USDOL) has issued one new resource on employment law issues. You can read about and access the new resource below.
If You Have a Federal Student Loan, You May Be Able to Benefit from the Public Service Loan Forgiveness Program
PSLF forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer. The new temporary Limited PSLF Waiver gives borrowers credit for past periods of repayment on Federal student loans — even loans that would otherwise not qualify for PSLF if the borrower consolidates into a Federal Direct Loan. Past periods of repayment will now count. There is no specific application for the limited waiver — you just need to submit a PSLF application by the October 31, 2022 deadline, and you will be automatically opted in. If you previously applied for PSLF and were denied because of your loan type, we encourage you to try again.
- The PSLF program is a way to honor public servants, as USDOL’s Deputy Secretary Julie Su writes in her blog post.
- If you have more questions, review the PSLF FAQ page.