Student Loan Forgiveness Workshops

A second bite of the apple for hundreds of thousands of federal student loan borrows

If you missed the October 31, 2022 deadline to apply for the Temporary Expanded Public Service Loan Forgiveness or if you or your family member didn’t qualify working in the private sector, you’ll want to attend this special zoom session to learn about a potential “second bite of the apple”

Starting this summer, borrowers with Federal Direct Student Loans may have a second chance to get credit for certain past payments towards loan forgiveness with the Dept of Education’s One Time Income Driven Loan Forgiveness Payment Adjustment! But to be eligible, there are specific requirements which MUST be met before May 1, 2023.

I applied and haven’t heard ANYTHING!
So what’s up with Student Loan Forgiveness?

October 31 was the deadline to apply for Temporary Expanded Public Service Loan Forgiveness and the application for Biden-Harris One-Time Loan Cancelation was launched a couple weeks later. But in the weeks that followed, chaos ensued, leaving most borrowers more confused than ever. NEA Member Benefits will share the latest news about student loan forgiveness – the good, the bad and the opportunities coming soon.

Monday, February 27 – Starting at 6:00 p.m. EASTERN

The GOOD – 400,000 borrowers have had $26 billion of forgiveness under PSLF and TEPSLF and 26 million borrowers have applied for forgiveness under the Biden-Harris plan.

The BAD – Opponents to loan forgiveness have initiated a number of lawsuits, most of which were almost immediately dismissed but two suits have blocked relief until the SCOTUS hears the case in the spring.

The OPPORTUNITIES – The “payment pause” has been continued probably until June, July or maybe even August and borrowers going for PSLF continue to get credit for those months! Borrowers enrolled in an income driven repayment plan may get an adjustment of their payment count this spring; refinements to the definition of “discretionary income”; new income driven repayment option will limit payments to 5% of discretionary income with interest not accruing when in repayment; and more!

New Year, New Student Debt

Join our expert webinar on the latest student debt updates!

Due to efforts by the Biden Administration, over 360,000 educators and public service workers have received $24 billion in student loan forgiveness through the Limited PSLF Waiver. While the Limited Waiver expired on October 31, 2022, PSLF is still here for educators and other public service workers. Join NEA on January 26 @ 7:00pm EST to learn how you can still access PSLF and about other federal student debt updates, including the President’s cancellation plan.