White House Releases New PSLF Website

[u/Betsy514]

https://www.whitehouse.gov/publicserviceloanforgiveness/?utm_source=www.pslf.gov

[u/BusinessSkorts]

Wait. So, now we have to apply to get credit for the 12-36+ month forbearance periods? I thought that was automatically going to be calculated this fall/winter? Should we submit a new ECF before 10/31 for that one-time-only consideration?

[u/Betsy514 → u/BusinessSkorts]

You always always always have to submit proof for any pslf period. So this is not new. If you weren't working eligible employment during the forbearance it's still not going to count

[u/alh9h]

Very apropos, considering I was arguing with someone over outreach yesterday.

[u/Betsy514 → u/alh9h]

They are actually doing a ton behind the scenes too. Getting the employers involved.. outreach to federal employees..etc. I'm tickled

[u/DiscombobulatedWavy]

We are going to help clarify things, by changing things every six months. Enjoy.

[u/Betsy514 → u/DiscombobulatedWavy]

There's nothing different here as far as the rules go. I think they are just trying to increase outreach

[u/crowdsourced]

I just want then to process my last ECF, for goodness sake. It's been 90 days, and I'm over 120.

[u/Relevant-Writing5814 → u/crowdsourced]

Same here… I signed up for this whole thing 10 years ago and submitted ECFs religiously on my hire date each year because they seemed to indicate that would make the final count easier. Now I’m 90 days out from the final ECF I had to submit….

[u/shaddaiguardian → u/crowdsourced]

My last communication from them was in January. I call every month and get told that they're working on it. It's extremely demoralizing

[u/310lalaland]

It seems we are finally getting a step closer to them defining what happens if you finish your 120 payments before the waiver expires, leave qualifying employment, and then have your application processed after the waiver expires. I wish they would clarify it 100% in writing already! From the new site:

"What if I make my last qualifying payment while working for a qualifying employer, but then leave that job to work for a for-profit corporation before applying for the PSLF benefit. Am I still eligible for PSLF?
Yes, under the temporary changes you are eligible for PSLF but you must apply before October 31, 2022."

[u/darth_snuggs]

maybe in addition to outreach they should consider more funding/resources/staff to process the gigantic backlog of applications they already have, so it doesn’t take me 60 days to know that they even received my application (before even reviewing it). 🤷‍♂️

[u/_Cromwell_]

End the madness and just forgive all student loans. Please and thanks.

[u/[deleted] → u/_Cromwell_]

A friend took affront when I said this recently because "people should pay for what they borrow" but I pointed out that because of interest rates I've paid over $100k on $65k loan and I still owe $50k. At the very least the government should look at people like that and forgive.

[u/[deleted]]

Meet Andrew, who still has student loans!

[u/OutisOd]

Hopefully this means we will hear something soon because now they can show their new website in a press conference.

[u/ste1071d]

Great! But unforgivably late, IMO.

[u/sunsetcoloredroses → u/ste1071d]

Yep and I consolidated during the pandemic while paying before all this was done so I couldn't get a refund on anything before consolidation. Fuck Nelnet and all their misinformation over the years.

[u/[deleted]]

Betsy, how long do I wait for ACS/DLS payments? Was with FedLoan 2021 with counts from current job, submitted ECF for 2011-2013 period due to waiver. Got updated waiver counts first week May for 2008-2010, and 2014 onward. Nothing showing up for missing time period. I was in repayment, I have DLS correspondence and Nelnet records proving payments. FSA shows deferment. I did a hardship deferment few months 2010, but went back into repayment end of 2010. I have proof. I filled reconsideration request May, and FDS complaint July, with missing payments forgivenessss this Nov. Am I screwed? I don't know what to do.

[u/Betsy514 → u/[deleted]]

If it's showing as deferment it will get taken into account in the fall or early next year when they implement the IDR waiver

[u/Asparaguser]

I'm seriously confused... There are a lot of links and on the left there is a grayed out "start" button. Under it is a link to "search for qualified employers" where I've found my employer, but everything after that takes me in a circle back to the same front page.

[u/Betsy514 → u/Asparaguser]

Oh interesting. I’ll let the Ed know

[u/inga_kaboom]

I’ve been following this thread and all other PSLF info for some time.

I have masters & PhD. Went into in-school deferment for the PhD. Have always paid on time, but owe more than when I started paying (started at $118K, now owe $124K).

My first loan for my masters is from Fall 2005. I have 17 loans (all FedLoan moved to Mohela). My “newest” loan is from 2015.

Question is this: someone on a thread said that if I were to consolidate my 17 loans into one, that it takes the oldest 2005 date, therefore making the amount eligible for forgiveness. Right now, PSLF shows 2026 as my forgiveness date.

Is this a thing? I’m sketched to consolidate because FedLoan advised me against it sometime back.

[u/Betsy514 → u/inga_kaboom]

Under the waiver yes that's a thing..but only under the waiver. Check out either my pslf page or the feds

[u/babloochoudhury]

I presume this will be the website that will have the formal announcement when the Biden Administration finally decides to make a statement on regarding the August 31st expiration date for the student loan pause/interest?

[u/Global-Pear-333 → u/babloochoudhury]

Likely not, though this website may reference that information. This website is only for PSLF, whereas the student loan pause applies to all federal loans.