Learn@Lunch: Navigating PSLF: Strategies for UCLA Employees Seeking Public Service Loan Forgiveness
Thu 9/29/2022 • 12PM - 1PM PDT
President Biden announced an executive order to cancel up to $20,000 in federal student loan debt for all borrowers with an individual income below $125,000 ($250,000 for joint tax filers). If you have federal student loans, you are also likely eligible for cancellation of your entire remaining federal debt following ten years of working full-time for UC (or another qualifying employer) and making loan payments. Eligibility for the Public Service Loan Forgiveness (PSLF) program has been expanded under a time-limited waiver that currently expires October 31, 2022. Even borrowers who were previously ineligible or missed payments can now receive PSLF. So far, the average loan balance forgiven under PSLF nationally is over $60,000 per borrower. Please visit the UC Public Service Loan Forgiveness (PSLF) page to check your eligibility and start your application. We expect a surge of applicants who will need their UC employment certified well before the October 31 deadline, so it's important to apply right away.