Public Service Loan Forgiveness (PSLF) - Deadline 10/31/2022


Limited Public Service Loan Forgiveness Waiver and Instructions 

Do you have a federal student loan? If so, you may be able to benefit from temporary changes made to the Public Service Loan Forgiveness (PSLF) program. These changes, called the “Limited PSLF Waiver,” are helping borrowers across the nation more easily get their loans forgiven – but if you haven’t already applied for PSLF, you must submit a PSLF form and/or consolidate your non-Direct federal student loans by October 31 to get the benefit.

You can learn more about the waiver here. In short, the waiver will allow borrowers to gain additional PSLF credit, even if they had been told previously that they had the wrong loan type or the wrong repayment plan:

  • The waiver gives borrowers credits for past periods of repayment on federal student loans – even loans that would otherwise not qualify for PSLF (i.e., Federal Family Education Loans (FFEL), Federal Perkins Loans, Federally Insured Student Loans (FISL), National Defense Student Loans (NDSL), and other types of federal loans that are not Direct Loans) - as long as the borrower consolidates into a federal Direct Loan.
     
  • Past periods of repayment will now count whether or not you made that payment on time, for the full amount due, or on a qualifying repayment plan. The Department of Education will also count certain periods of forbearance toward PSLF.

You must apply by Monday, October 31, 2022, but leave time to submit to HR to complete the employment information section. 

There is no specific application for the waiver – you will just need to submit a PSLF form by October 31. If you have non-Direct federal student loans, you’ll need to consolidate into a Direct Loan before October 31 too [See FAQ below]. Once you have submitted a PSLF form (and consolidated into the Direct Loan program if you don’t have a Direct Loan), you will be automatically opted into the waiver. This means that, if you qualify, all of your federal student loans will be discharged if you have 10 years of public service employment and associated payments.  For those with less than 10 years of public service, each year of prior public service employment will accrue toward forgiveness under PSLF. 

If you previously applied for PSLF and were denied because of your loan type, you may want to try again. If you previously applied for PSLF, you may want to reapply and update your employment certification.

To take advantage of the waiver, you need to complete a short form to certify employment which must also be signed by a designated representative of UVA.  You can either use the Department of Education tool to generate a form at this link or access the form directly here.

To complete and submit this form you will need the EIN for the University of Virginia, which is 54-6001796 for Academic Division and Medical Center and 54-1124769 for UPG.  After using the PSLF Help Tool to COMPLETE the form, please sign and date it and submit it to AskHR@virginia.edu.  

Note: please do not include your full social security number when sending to HR, only include the LAST 4 DIGITS and add the rest of the SSN before submitting to the Department of Education.

Please submit your request to AskHR@virginia.edu as soon as possible to ensure that the information can be inserted and returned to you by 5:00pm on October 31st so that you may submit by the deadline.

As the deadline PSLF approaches, UVA HR has been receiving a high volume of forms to complete the employment information, they will be returned them to you as soon as possible. If you have already sent the form in and are waiting for a response, thanks for your patience.

For Questions and more information about this Federal PSLF Program please see their website or their Help Center. 

FAQs:

Q: What if I don’t have an FSA ID?
A: Register for an FSA ID if you don’t already have one at this link.

Q: What if my loans are not Direct Loans but are other types of loans like Federal Family Education Loans (FFEL), Perkins loans, or other federal student loans such as FISL or NDSL?
A: If you have Federal Family Education Loans (FFEL), Perkins loans, or other federal student loans including FISL or NDSL, you will need to consolidate your loans into a Direct Consolidation Loan to qualify for PSLF. Before consolidating, make sure to check to see if you work for a qualifying employer using the PSLF Help Tool. You can consolidate your loans if you need to at this link.

Q: Can my supervisor or the chair of my department sign the PSLF employment certification form?
A: No.  The form must be signed by a designated University of Virginia representative from HR. 

Q: Is UVA a qualifying employer for the Public Service Loan Forgiveness Program?
A: Yes, All UVA entities (Academic, Medical Center and UPG) are considered 501(c)(3) tax exempt employers.

Q: Should I still submit this form if I am also eligible to receive loan forgiveness under the “blanket” forgiveness program proposed in August 2022?
A: Submit the PSLF form.  Plans for “blanket” forgiveness ($10,000 for most borrowers and $20,000 for Pell grant recipients) have not been finalized and are subject to ongoing litigation.  The PSLF Waiver remains the most certain path to loan forgiveness for most government and nonprofit workers.  

Q: How can I figure out which payments now qualify for PSLF under this limited-time opportunity?
A:  You may get credit for any month after October 2007 that you had qualifying employment and were in an “In Repayment” status. You may also get credit for time in specific military-related deferments and forbearance, as well as credit for time in coronavirus-related deferments and forbearances. If you previously filed a PSLF form, you may be able to see what payments are eligible under this limited PSLF waiver by logging into your account with MOHELA in the coming months. If you have never filed a PSLF form, you must do so by Oct. 31, 2022, to see what payments are eligible under the rule changes. Source: https://studentaid.gov/announcements-events/pslf-limited-waiver

Q: How many hours do I had to have worked to qualify for the PSLF?
A: Working full time (for PSLF, you’re generally considered to work full time if you meet your employer’s definition of full time or work at least 30 hours per week, whichever is greater).