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Student Loans: When is the deadline to apply for loan forgiveness? & More News

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Many government workers, firefighters, first responders, teachers and other public servants have the possibility to apply for a limited Public Service Loan Forgiveness program waiver, but those interested in receiving this financial assistance must apply before 11:59 p.m. ET of this next October 31, 2022.

Who’s eligible and how to apply for the PSFL program

A public service official has had to be working at a qualifying position for at least 10 years to be able to have his full loan cancelled through the Public Service Loan Forgiveness program (PSLF).

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Millions have access to this program due to a temporary waiver that was introduced in October of 2021 and was further expanded in April this year, which includes more loan and repayment plan types that were previously excluded.

How to apply for a PSLF limited waiver

Those interested in applying to the PSLF program should do so online and before you have to make sure you’ve made at least 120 qualifying student loan payments or 10 years worth of payments.

Before last years waiver, 99% of borrowers that applied were denied the cancelation.

If you don’t know if you apply for this finantial help and debt cancelation, you should apply for it, as it is the easiest way to find out if you’re eligible.

Individuals may also receive a credit for their previously made payments and periods of employment, such as the active military duty, persons that didn’t qualify in the past.

Student Loans: When is the deadline to apply for loan forgiveness?

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Student Loans: When is the deadline to apply for loan forgiveness?

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Student Loans: When is the deadline to apply for loan forgiveness?

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