Public Service Loan Forgiveness Waiver Ends This Month Unless Cardona Extends It

The Public Service Loan Forgiveness (PSLF) waiver is meant to make it easier for public service workers to qualify for student loan forgiveness. Unless the Department of Education (ED) decides to extend the waiver, it will end on October 31st.

If you think you qualify for PSLF, you should apply before the waiver ends. You might get credit towards forgiveness for payments made on your loans that did not qualify under the regular rules.

What Is Public Service Loan Forgiveness?

Congress designed PSLF to forgive the student loans of people who hold a public service job and have made at least ten years of payments on their loans. People who work for the federal, state, local or tribal government and most non-profit employees are eligible for PSLF, as are employees of other public entities, like public colleges, schools, and the military. If you are unsure if your employer qualifies, you can check using ED’s employer check tool.

To qualify for PSLF, borrowers must make 120 payments on qualifying loans, generally in an income-driven (IDR) repayment plan, while working for a qualifying employer. The program has faced significant implementation challenges and, until recently, very low approval rates.

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