Student Loan Planner The Dept of Education Shifts PSLF Processing from MOHELA: The Real Reason and Borrower Impact
The Public Service Loan Forgiveness (PSLF) program is undergoing major changes. The government is taking over processing from MOHELA, and a temporary pause is expected in May and June. How will this affect you? First, don’t panic — PSLF isn’t shutting down. The government is simply pausing processing while they transition everything over.
But you’ll want to take a few proactive steps to safeguard your payment count before the transition happens. Listen in as I dissect the real reasons behind these changes. Could it be a strategic move in the future student loan management?
Find out how it can impact your forgiveness:
- Why the Department of Education is hitting the pause button on PSLF
- When to expect service disruption for your student loan management
- How the transition from MOHELA to the government impact PSLF processing
- The motivation behind the government’s decision to take PSLF from MOHELA
- How the temporary shutdown will affect you, especially if you’re expecting forgiveness in May or June
- Implications of the Department of Education’s plan to centralize PSLF tracking
- What you need to do now to safeguard your payment count
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