Last week, the U.S. Department of Education announced some major changes to the rules and qualifications around the Public Service Loan Forgiveness (PSLF) Program. Now, for a limited period of time, borrowers may receive credit for past payments made on loans that would otherwise not qualify for PSLF.
First, let’s take a look at what has not changed:
Stay Tuned - We will release a bonus episode of the Prosperous Doc® podcast where we will discuss this announcement and other federal student loan topics and common questions.
It is clear that the student loan world is changing rapidly. The Spaugh Dameron Tenny team will continue to monitor the announcements from the Department of Education and help you understand how the changes may affect your situation. Please reach out to your trusted advisor with any questions.
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