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This episode was recorded on December 14, 2021
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This episode was recorded at the OEA Fall Representative Assembly on December 4, 2021.
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This episode was recorded on December 16, 2021
PUBLIC SERVICE LOAN FORGIVENESS PROGRAM: HERE’S WHAT’S CHANGED
On October 6, 2021, the U.S. Department of Education announced major changes to the Public Service Loan Forgiveness (PSLF) program.
The new changes might help you if:
What public service workers need to do before October 31, 2022:
Why did the PSLF program change?
PSLF was created in 2007 to forgive the federal student debt of public employees, including teachers, faculty, and education support professionals, who provide 10 years of service and make 120 monthly payments on their student loans.
However, when the first borrowers became eligible for forgiveness, the Trump Administration prioritized profits for big banks over keeping the promise of PSLF. They denied over 90 percent of applications and kept public service workers paying interest on debts that should have been canceled.
Loan forgiveness was denied because the program had too many technicalities and many loan servicers misled borrowers about the rules. The Biden Administration’s overhaul fixes some of the technicalities and will mean debt forgiveness right away for tens of thousands of public service workers and eventual forgiveness for many more. Eventually, hundreds of thousands of educators could become eligible for loan forgiveness over the next year.
10 years of public service equals no student debt. That is the promise. And we will not stop until that promise is kept to everyone.
The changes to PSLF will exist only until October 31, 2022.
For more information, go to studentaid.gov/announcements-events/pslf-limited-waiver
Need Help?
NEA Member Benefits will share more information about this throughout December and January
To learn more, simply use this ZOOM link to join any (or all) of the ZOOM sessions below in December: https://neamb.zoom.us/j/81151687159?pwd=Wkk3anUvYTcwQzNwZjZSWFhHSmFpdz09. If prompted, the meeting ID is 811 5168 7159 and the passcode is 516955.
To join one of the ten January sessions, use this link: https://neamb.zoom.us/j/86545442216?pwd=NVhaUG1sT0dHTjU3eDA2NXVnOVd2UT09. If prompted, meeting ID is 865 4544 2216 and the passcode is 607541.
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PUBLIC SERVICE LOAN FORGIVENESS PROGRAM: HERE’S WHAT’S CHANGED
On October 6, 2021, the U.S. Department of Education announced major changes to the Public Service Loan Forgiveness (PSLF) program.
The new changes might help you if:
What public service workers need to do before October 31, 2022:
Why did the PSLF program change?
PSLF was created in 2007 to forgive the federal student debt of public employees, including teachers, faculty, and education support professionals, who provide 10 years of service and make 120 monthly payments on their student loans.
However, when the first borrowers became eligible for forgiveness, the Trump Administration prioritized profits for big banks over keeping the promise of PSLF. They denied over 90 percent of applications and kept public service workers paying interest on debts that should have been canceled.
Loan forgiveness was denied because the program had too many technicalities and many loan servicers misled borrowers about the rules. The Biden Administration’s overhaul fixes some of the technicalities and will mean debt forgiveness right away for tens of thousands of public service workers and eventual forgiveness for many more. Eventually, hundreds of thousands of educators could become eligible for loan forgiveness over the next year.
10 years of public service equals no student debt. That is the promise. And we will not stop until that promise is kept to everyone.
The changes to PSLF will exist only until October 31, 2022.
For more information, go to studentaid.gov/announcements-events/pslf-limited-waiver
Need Help?
NEA Member Benefits will share more information about this throughout December. To learn more, simply use this ZOOM link to join any (or all) of the seven ZOOM sessions below: https://neamb.zoom.us/j/81151687159?pwd=Wkk3anUvYTcwQzNwZjZSWFhHSmFpdz09. If prompted, the meeting ID is 811 5168 7159 and the passcode is 516955.
A wide range of dates and times have been selected to make this information as obtainable as possible.
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This episode was recorded in December, 2021.
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This episode was recorded in November, 2021.
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This episode was recorded in November, 2021.
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LEARN MORE | For more information about Mothers of Murdered Columbus Children's work in the community and how you can help, click here to see the group's website or click here to connect them on Facebook.
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This episode was recorded in November, 2021.
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LEARN MORE | For more information about the Pathways Program and how you can sign up to be a mentor, click here.
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This episode was recorded in October, 2021.
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