Podcasts Business Student Loan Planner What is the PSLF Snowball? [Rebroadcast]

What is the PSLF Snowball? [Rebroadcast]

Published: June 8, 2021, 5 a.m.

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Only a small number of people were approved for PSLF in the first year of eligibility; I expect the 1% acceptance rate for PSLF is the lowest we will ever see and we should look forward to an increase each year.

The media has put out quite a few clickbait headlines on PSLF while sharing plenty of inaccurate information. PSLF became a major story in 2018, but I feel despite the backlash that the program is here to stay.

Today on the Student Loan Planner\\xae podcast, we will be discussing Public Service Loan Forgiveness (PSLF) and how the approval rate will snowball to a larger percentage in future years.

In today\\u2019s episode, you\\u2019ll find out:

  • The truth about the high rejection rate for PSLF
  • Whether there is a massive number of PSLF borrowers coming in the future
  • Why many physicians aren\\u2019t eligible for PSLF anymore
  • PSLF structural flaws that can get ironed out over time
  • Why people were mainly rejected based on these 4 factors:

1. Had loans that didn\\u2019t qualify
2. Used the wrong repayment plan
3. Failed to include their employer\\u2019s EIN tax number
4. Failed to check a box on the form saying they were currently employed by a non-profit

For more information, visit the show notes at https://www.studentloanplanner.com/podcast-what-is-pslf-snowball

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