The Public Service Loan Forgiveness (PSLF) program is a federal program created for those in public service jobs, offering the opportunity to have their federal loan balances forgiven after 120 qualifying monthly payments. Show The PSLF program is separate from and in addition to the one-time debt cancellation of up to $20,000 available through President Biden's executive action. You are strongly encouraged to complete both the PSLF tool and the cancellation application as soon as possible to ensure you receive full debt relief. Read important tips about how to protect yourself from scams as you apply for relief. The University of California (EIN: 94-3067788) is a qualified employer for the PSLF program. Generally, many full-time UC employees who otherwise qualify may be eligible to apply their months of employment towards PSLF. To ensure as many eligible UC faculty and staff as possible can take advantage of this program as possible, this page will be updated regularly with news and resources. Important changes to the PSLF programThe Department of Education has announced a set of actions to help more people take advantage of the PSLF program, including a time-limited waiver so that student borrowers can count payments from all federal loan programs or repayment plans toward forgiveness. This includes loan types and payment plans that were not previously eligible. The Department of Education will pursue opportunities to automate PSLF eligibility, give borrowers a way to get errors corrected and make it easier for members of the military to get credit toward forgiveness while they serve. The waiver will run through October 31, 2022. Please note: You must generate your PSLF application and employer verification form through the online PSLF tool before Oct. 31, 2022. (Application forms completed on paper or outside of the PSLF tool still must have employment certification and be submitted to the Department of Education by the Oct. 31 deadline). Under updated PSLF rules, you can meet the Oct. 31, 2022, waiver deadline even if your request for employment verification has not been completed by that date. How do I obtain the employer information and signatures I need?
Or mail to: Contact a MOHELA PSLF Specialist at 855-265-4038. MOHELA, one of the federal loan servicers, administers the PSLF Program on behalf of the U.S. Department of Education. If MOHELA is already your servicer, you may upload your PSLF form on MOHELA's website. #UCStudentDebtChallenge Virtual Town HallThank you to those who attended a #UCStudentDebtChallenge Virtual Town Hall on Wednesday, August 31, 2022. You are invited to watch a recording of the full afternoon session below. The question and answer period from the morning session is available at: https://www.youtube.com/watch?v=Z4_uSnYV1e8 |