Analysis: What you need to know about debt relief on student loans
: If you qualify for the Public Service Loan Forgiveness program, the suspension of loan payments won’t put you behind. It will be as if you made on-time monthly payments.
Under the PSLF program, the remaining balance of a borrower’s debt is forgiven after 120 qualifying monthly payments. Here’s where there is often a lot of confusion. — A not-for-profit that is a 501 tax-exempt organization as determined by the IRS. exempt status may still count toward qualification forgiveness. This would include certain types of public-service jobs in law enforcement, military service and education.)To get full details of what employers and student loans qualify for under PSLF, go to studentaid.ed.gov.
So, you are right to want clarification about the automatic pause in PSLF payments under the Cares Act.“If you’re already in a rehabilitation agreement, all of your suspended payments will count,” the Department of Education said in a
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