In 2020, we released some exciting changes to the PSLF Help Tool. This article will summarize those changes and provide tips on how to use the help tool so that you’re in and out with minimal hassle. Here are the changes we’ll cover:
- The redesigned PSLF Help Tool
- Combining PSLF and TEPSLF processes
- The employer database
On Aug. 8, 2020, President Trump extended the 0% student loan interest rate and suspension of payments on federal student loans owned by the Department of Education (ED) until Jan. 31, 2021. These relief measures began March 13, 2020.
If you’re considering or already participating in Public Service Loan Forgiveness (PSLF) or Temporary Expanded Public Service Loan Forgiveness (TEPSLF), you may have questions about how this suspension of payments or other Coronavirus-related changes will impact your progress.
Before we look at those impacts, check out the eligibility requirements for PSLF.