Webinars: Public Service Loan Forgiveness – Sep 20,23,27

Posted by Philadelphia Federal Credit Union on September 20, 2022

Working in public service, such as SEPTA, the City of Philadelphia, schools, or non-profit organizations may qualify you for Public Service Loan Forgiveness (PSLF). PSLF allows federal student loans to be forgiven after 10 years (120 months) of payments, while working for a public service employer.

Under the PSLF Limited Waiver opportunity, most of the PSLF qualifying payment rules have been suspended through Oct. 31, 2022. Under this temporary waiver, once you take the necessary steps, you may get credit for payments you’ve made on loans that would not normally qualify for PSLF.

There have been many problems with PSLF since its start in 2007 and very few people have been able to benefit from this program. However, the U.S. Department of Education announced a change to PSLF program rules for a limited time.

Figuring out your necessary next steps can be confusing and steps vary. Attend a webinar to help you understand and navigate this limited-time opportunity. Please register and share!

• PSLF Tuesday, September 20 from 10am-11: Register
• PSLF Friday, September 23 from 3pm-4:Register
• PSLF Tuesday, September 27 from noon-1pm: Register

Get started on your own:

1. Visit the Department of Education’s Aid Summary resource to determine what type of federal student loans you have at Log In | Federal Student Aid
2. Use the PSLF Help Tool to figure out your personal next steps for pursuing forgiveness at PSLF Help Tool

Questions? Contact Erin Ellis eellis@pfcu.com.