By October 17, 2022 Member resources
Student Loan Advocate, Stephanie Sampedro with Washington Student Achievement Council is offering several webinars between October 14th and October 28th to help navigate the PSLF and Limited Waiver process. Evening webinars are offered October 18th at 7:30 pm and October 24th at 7:00 pm. Choose and register for a session here. Applications for PSLF and the Limited Waiver Opportunity are submitted through studentaid.gov.
The October 31, 2022 application deadline for the Limited Waiver Opportunity is quickly approaching and very important to meet. It incorporates certain loans and repayment statuses that weren’t previously included in the PSLF program, bringing many borrowers closer to meeting the overall repayment term of 120 months. For example, studentaid.gov states if you work for a qualifying employer and have a Direct Loan, suspended payments during the COVID 19 Administrative Forbearance count toward PSLF. On November 1st, 2022, the requirements return to the normal program.
The PSLF and Limited Waiver Opportunity is a separate program from the Student Debt Relief announced on August 24, 2022. The application for this program has just been released. Watch for another blog post coming soon with details about how this program might impact your student loan debt.
Avoid scams! Scammers are always ready to try taking your hard earned money. Never provide your FSA ID password to anyone and remember you don’t need to pay fees to enroll in student loan programs. If you’d like more information about student loan scams, click here.
Authored by Charnell Morud, Verity’s financial coach