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Taking Advantage of Student Loan Forgiveness Limited Waiver

Nonprofit employees and other eligible borrowers have until October 31 to take advantage of the Limited Waiver for Public Service Loan Forgiveness, which provides for forgiveness of eligible federal loans after 120 eligible payments while working for 501(c)(3) charitable nonprofits and government employers.

The PSLF Coalition has a new FAQs webpage that answers basic questions like what the Limited Waiver is, which loans are eligible, what months count towards forgiveness, and how to apply. The FAQs provide guidance for eligible borrowers to take advantage now to have employers certified and eligible payments counted to earn forgiveness faster.

For even more information, watch the webinar recording from the National Council of Nonprofits and Student Borrower Protection Center.