Student Loan Planner The Backdoor PSLF Waiver and Payment Pause Extension Explained
Why the PSLF waiver (that expired last month) isn’t really over and the confusing extension to the student loan payment pause are just two recent developments that continue to unfold around student loans. Senior Student Loan Advisors Rob Bertman, CFA, CFP®, and Meagan McGuire (Landress), CSLP®, as well as Student Loan Advisor Sim Terwilliger, CFP®, CSLP®, will walk you through the latest updates that can make or break your student loan repayment plan.
In today’s episode, you'll find out:
- Why the PSLF waiver isn’t really over
- The latest extension to the payment freeze
- What it means to extend the payment pause to 60 days after relief is granted
- How the delayed payments impact federal student loans
- How the IDR waiver came about
- PSLF eligibility under the IDR waiver
- How to know if you qualify for longer-term forgiveness
- What to expect in July 2023 for PSLF
- The PSLF changes that take effect July 1, 2023, and why there’s no retroactive credit
- The impact of consolidating direct loans when working in public service
- How the weight average payment count will be calculated
- Why the payment pause is coming at the perfect time
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Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!