The PSLF Waiver allowed people who worked in public service anytime after Oct. 1, 2007, to get retroactive credit towards the Public Service Program for all the payments they made under any plan, toward any loan, and whether the payments were made on time or for the full amount due.
The Biden administration overhauled the Public Service Loan Forgiveness (PSLF) Program in 2021 and introduced sweeping changes that have led to nearly 240 thousand federal student loan borrowers receiving over $14 billion in forgiveness. Those numbers will swell as the U.S. Department of Education and the student loan servicer tasked with managing the forgiveness program, MOHELA, finishes processing applications from those who applied for the PSLF Waiver.
The PSLF Waiver ended on October 31, 2022, but you can still get relief under that opportunity if two things are true:
You have Direct Loans or used StudentAid.gov to consolidate your loans into the Direct Loan Program before Nov. 1.
You used the PSLF Help Tool to generate an Employment Certification Form before Nov. 1, or your employer signed the form before that date, even if you didn’t use the tool.
All hope isn’t lost if you missed the waiver deadline. If you still work full-time for the government, 501(c)(3), AmeriCorps, or another qualifying employer, you can receive PSLF credit through a one-time account adjustment the department plans to do before next summer.
The Income-Driven Repayment Plan Waiver, or IDR account adjustment, gives public servants credit toward PSLF on monthly payments made late, in installments, or a lump sum. It also counts some of the spent in periods of deferment and forbearance.
Here’s what you need to know about the Limited PSLF Waiver.
Related: Does Forbearance Count Toward PSLF?