Act now to take advantage of the recent changes to Public Service Loan Forgiveness.
Long-time PAMLE corporate supporter and sponsor of the PA Schools to Watch program, Horace Mann, wants to help ensure you’re aware of the recent changes to Public Service Loan Forgiveness.
On Oct. 6, 2021, the U.S. Department of Education announced a change to PSLF program rules for a limited time due to the COVID-19 national emergency. From now until Oct. 31, 2022, you may receive credit for past payments made on loans that would otherwise not qualify for PSLF.
What this means:
Any prior loan payments made while working full time for a qualifying employer (such as a public school) will count as a qualifying PSLF payment, regardless of loan type, repayment plan, or whether the payment was made in full or on time. Private loans and Parent PLUS loans do not qualify.
This opportunity is only available until Oct. 31, 2022 so act now to take advantage. Not sure where to start? Horace Mann’s Student Loan Solutions program can give you the resources, tools and guidance to help you navigate these changes all in one place.
Learn more or sign up for your complimentary account today!