The U.S. Department of Education’s public service loan forgiveness (PSLF) limited waiver program is set to expire at the end of October. The PSLF waiver allows eligible borrowers to receive credit for past payments made on federal student loans, even partial or late payments, that would not otherwise qualify for PSLF. And payments made on federal student loans that weren’t Direct loans can now be counted.
To take advantage of the limited waiver, eligible caregivers must:
- Complete and submit a PSLF application form within the tuition.io platform by Monday, October 17, to allow Intermountain enough time to review and sign it.
- If applicable, consolidate FFEL loans, Perkins, or Parent PLUS loans, to make them eligible for PSLF. Complete and submit a Direct Consolidation Loan Application within the tuition.io platform by Monday, October 17.
Consolidating a Perkins loan will eliminate any cancellation benefits you may be eligible for under the Perkins Loan Cancellation program.
Don’t consolidate qualifying Direct Loans after October 31. It will reset your qualifying payment count to 0. You can select individual loans after this date to make them eligible to have future payments counted toward PSLF.
Student loan coaches are available to help you. Go to intermountain.tuition.io to schedule a call or email (fastest reply time) with a student loan coach.
Additional resources:
- What You Need to Know About the PSLF Limited Waiver
- Three Things You Might Not Know About the PSLF Limited Waiver
- Department of Education PSLF Limited Waiver FAQ & Information page
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