Important Information from Horace Mann Regarding the Public Service Loan Forgiveness Program
On Oct. 6, 2021, the U.S. Department of Education announced a change to the Public Service Loan Forgiveness (PSLF) program rules for a limited time. Now through Oct. 31, 2022, borrowers may receive credit for past payments made on loans that would otherwise not qualify for PSLF. Most prior student loan payments made while working full time for a qualifying employer will count as a qualifying PSLF payment, regardless of loan type, repayment plan or whether the payment was made in full or on time (private loans and Parent PLUS loans do not qualify).
Click here to find out how long-time IAPSS corporate supporter, Horace Mann, can help you and your staff take advantage of this limited-time change, as well as how to implement a program to help improve employee recruitment and retention.
For additional information on federal student loans, click here.
Source: https://studentaid.gov/announcements-events/pslf-limited-waiver
The information provided here is for general informational purposes only and should not be considered a recommendation or personalized investment, tax or legal advice. Horace Mann is an independent company not affiliated with the Department of Education or the federal government. Horace Mann does not negotiate, adjust or settle debts. No assistance provided by Horace Mann constitutes official action for purposes of student loan forgiveness programs or guaranteed results.
Horace Mann Service Corporation and certain of its affiliates (Horace Mann) enter into agreements with educational associations where Horace Mann pays the association to provide services aimed at familiarizing association members with the Horace Mann brand, products or services. For more information, email your inquiry to association.relations@horacemann.com.
