The Dept of Education Shifts PSLF Processing from MOHELA: The Real Reason and Borrower Impact
The Public Service Loan Forgiveness (PSLF) program is undergoing major changes. The government is taking over processing from MOHELA, and a temporary pause is expected in May and June. How will this affect you? First, don\u2019t panic \u2014 PSLF isn\u2019t shutting down. The government is simply pausing processing while they transition everything over.
But you\u2019ll want to take a few proactive steps to safeguard your payment count before the transition happens. Listen in as I dissect the real reasons behind these changes. Could it be a strategic move in the future student loan management?
Find out how it can impact your forgiveness:
- Why the Department of Education is hitting the pause button on PSLF
- When to expect service disruption for your student loan management
- How the transition from MOHELA to the government impact PSLF processing
- The motivation behind the government\u2019s decision to take PSLF from MOHELA
- How the temporary shutdown will affect you, especially if you\u2019re expecting forgiveness in May or June
- Implications of the Department of Education\u2019s plan to centralize PSLF tracking
- What you need to do now to safeguard your payment count
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