The Public Service Loan Forgiveness (PSLF) was enacted by Congress during the George W. Bush Administration in 2007. It provides borrowers who commit to working in careers of nonprofit, public service, or government jobs for 10 years or more to receive student loan forgiveness. The Biden-Harris Administration temporarily expanded the PSLF program during the pandemic to help the millions of volunteers working on the frontline.

Needless to say, there were many issues with the program when it first rolled out, namely most borrowers couldn't get approved. Now it appears that in spite of the stiff program requirements, borrowers who were not eligible before might have another shot at getting approved. Whether you were denied before or don't think you qualify Cherry Dale, a financial coach with the Virginia Credit Union, says it’s worth a try. Dale is urging people to fill out the waiver anyway because there is a good chance that borrowers will qualify now.

The PSLP program has already wiped out more than $8 billion in student loan cancellations, according to the Department of Education.  This temporary expansion of the student loan forgiveness program has given thousands of borrowers a new start on life versus being weighed down by thousands of dollars in debt. For more info go to to see if you qualify for PSLF and follow instructions on how to apply.  Also, keep in mind that borrowers can possibly get credit for past repayments that under normal circumstances wouldn't have.

Time is running to apply. The deadline for the waiver to turned be filled out is on October 31, 2022.

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