A Path to Debt-Free Living: Student Loan Forgiveness
TopLine Financial Credit Union and LSS Financial Counseling are here to show you an option that may help you on your journey to debt-free living – Public Service Loan Forgiveness (PSLF) Program. Federal student loan payments are currently under forbearance, thanks to the CARES Act passed in March 2020 and actions Congress and the White House took since then. The pause in loan payments is set to expire on September 30, 2021. As that expiration date approaches, borrowers should review their plans for paying off student loan debt. PSLF may be an option for those with federal student loans.
- Be sure to turn in the required paperwork each year.
- Keep a paper or electronic copy anytime you receive a review of your payments.
- Appeal anything you think is not right.
- Be sure you’re working full-time for an eligible employer at the time you apply for forgiveness and at the time your loans are forgiven.
LSS Financial Counseling can explore your eligibility for PSLF and work with you to get you started in the program. Being a TopLine member gives you and your family access to up to six (6) free private and confidential financial education counseling sessions annually with a certified consumer credit counselor from LSS Financial Counseling. Sessions are available by phone, in-person or online. Contact LSS today for your free financial education session at 1-800-528-2926 or visit LSS online and mention you are a TopLine member.
