Students Previously Turned Down for PSLF May Now Qualify
Attorney General Barbara Underwood issued a consumer alert to federal student loan borrowers about a new temporary expansion of the Public Service Loan Forgiveness Program. Under this PSLF expansion, borrowers who were turned down for PSLF Loan Forgiveness because some or all of their repayments were made through a non-qualifying repayment plan can now apply for reconsideration. For a limited time, the Department of Education will reconsider eligibility based on an expanded list of qualifying repayment plans. Eligible applicants will receive loan forgiveness on a first come, first served basis. Borrowers are encouraged to apply for reconsideration right away, because once the $350 million runs out, the opportunity to receive reconsideration will end.