You may qualify for Public Service Loan Forgiveness!
On October 6, 2021, the U.S. Department of Education announced a temporary period during which federal student loan borrowers may receive credit for payments that previously did not qualify for Public Service Loan Forgiveness (PSLF). Now, for a limited period of time, borrowers may receive credit for past periods of repayment that would otherwise not qualify for PSLF. Under the new, temporary rules, any prior period of repayment will count as a qualifying payment, regardless of repayment plan, or whether the payment was made in full or on time.
You must have worked full-time for a government, 501(c)(3) not-for-profit, or other not-for-profit organization that provides a qualifying service during the calendar month you were also in repayment on your loan. You can receive credit only for periods of repayment after Oct. 1, 2007, since that is when the PSLF Program began. If you haven’t already, you must file a Public Service Loan Forgiveness (PSLF) & Temporary Expanded PSLF (TEPSLF) Certification & Application for any period for which you may receive additional credit toward PSLF.
This change will apply to federal student loan borrowers with Direct Loans, those who have already consolidated into the Direct Loan Program, and those who consolidate into the Direct Loan Program by October 31, 2022.
This announcement has been provided as a courtesy to our San Luis Valley community. For detailed information about your specific loans, please contact your lender. Your lender can be found at studentaid.gov.
For general questions, please contact Danielle P. Smith or Jeff Gallegos, Adams State Financial Aid Office, at 719-587-7306.
Visit Student Aid Limited Waiver to learn more.
