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The Dept of Education Shifts PSLF Processing from MOHELA: The Real Reason and Borrower Impact

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Manage episode 410532179 series 2471867
Content provided by Travis Hornsby. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Travis Hornsby or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

Like the show? There are several ways you can help!

Feeling helpless when it comes to your student loans?

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!

  continue reading

304 episodes

Artwork
iconShare
 
Manage episode 410532179 series 2471867
Content provided by Travis Hornsby. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Travis Hornsby or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

Like the show? There are several ways you can help!

Feeling helpless when it comes to your student loans?

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!

  continue reading

304 episodes

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