4 more days until the #PSLF waiver expires and I'm feeling all kinds of feelings. I'm feeling hopeful which I didn't expect. Did as many people through as deserved it? No. It's been 15 years since PSLF started and ED, FSA, and the White House are still not taking it seriously. 1)
But I think we finally broke through on #PSLF in the past year in a way we don't fully understand. 2022 the door was opened. 2023 is when we're really going to see full cancellation take off for a generation of public sector workers. We can't understand it, yet. 2)
The work isn't done by a long shot, but there's something big on the horizon. Between #PSLF, the IDR adjustment, Biden cancellation, something fundamental has changed. And it's SO wild to see it take off. People are about to get free. Free College is getting REAL. 3)
We couldn't envision 2022 when the student debt crisis was just slowly suffocating our collective hopes & dreams, but here we are. When cancellation actually starts hitting in 2023, it's going to mean more to people than we can know. Don't let any ghoul tell you otherwise. 5)
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Work in public service? Have student debt? Please apply for the #PSLF waiver before 10/31. It is the BEST way to get FULL CANCELLATION or fix previously ineligible payments! See below for some tips ⬇️(1)
General Information here: studentaid.gov/announcements-…
Know yr loan types for the #PSLF waiver. Check yours at studentaid.gov. Eligible loans:
Direct Loans
Direct Consolidation Loans
Parent Plus Loans *if* consolidated w/yr loans
FFEL Loans*
Perkins Loans*
FFEL consolidation Loans*
*must apply for consolidation by 10/31 (2)
You do NOT need to be approved for consolidation by 10/31 to qualify, you just need to APPLY by 10/31. It takes 10 minutes. Choose MOHELA as your servicer. Pick an income driven repayment plan. (3)
🚨#PSLF folks, got an updated🧵on how to navigate the Limited Waiver & those panic-inducing MOHELA review letters that look like rejections. If you got a review letter and you think all hope is lost, it is NOT. Follow along ⬇️ (1)
(2) First rule of the limited #PSLF waiver. REVIEW THE RULES! Don't waste time calling your loan servicer. Read info from @usedgov directly. Here is the link to the waiver page & FAQs. Almost every question can be answered there: studentaid.gov/announcements-…
3) The 1st thing to figure out for the #PSLF waiver is your LOAN TYPE. Your LOAN SERVICER is irrelevant! FFEL, FFEL consolidation, or Perkins loans MUST be consolidated. Go to your profile on studentaid.gov, click on "view details" for each loan to see your loan types.
#PSLF folks, thought I'd share an updated🧵on how to navigate the Limited Waiver & those panic-inducing review letters that look like rejections. Seeing so many stressed out people when we should be celebrating how close to cancelation we are. Follow along ⬇️ (1)
(2) First rule of the limited #PSLF waiver. REVIEW THE RULES! Don't waste time calling your loan servicer. Read info from @usedgov directly. Here is the link to the waiver page & FAQs. Almost every question can be answered there: studentaid.gov/announcements-…
3) The first thing you need to figure out for the #PSLF waiver is your LOAN type. FFEL, FFEL consolidation, or Perkins loans MUST be consolidated before applying. Go to your profile on studentaid.gov, under your dashboard, click on "view details" for each loan.