The deadline to get your request in IS Octaber 31st….
The admin KNOWS they won’t get everybody in the system….
Because there are those who are trying to derail the Biden move….
The admin will NOT just change anything right now….
(There will be changes announced on Nov.1st…But they will have to wait for the ‘by the book’ effective time of July 2023)
The deadline will stay in effect…..
But Trump admin/DeVos actions ARE being reversed by President Biden’s admin…..
Days before the deadline for applicants to take advantage of a set of temporary rule exceptions to the government’s student loan forgiveness program for borrowers who work in public service, the Education Department moved to make some of the changes permanent — but not until next year.
That staggered timetable is likely to create months of messiness. Last year, the Biden administration made sweeping but temporary fixes to Public Service Loan Forgiveness, the long-troubled relief program that allows government and nonprofit workers to have their remaining federal student loan debt eliminated after they’ve made a decade of payments. The government gave borrowers one year to apply for the rule waiver. That period ends on Monday.
Borrowers calling to seek help from their loan servicer have recently run into hold times that can exceed nine hours. More than 100 Democratic lawmakers in Congress urged the Biden administration this month to extend the waiver deadline until next year.
Instead, the Education Department said on Tuesday that it was sticking with Monday’s deadline but would make some elements of the waiver’s rule changes permanent. Those adjustments, however, will not take effect until July 2023, because federal rule-making policies prohibit the department from putting them into effect sooner.
The changes will “reduce the red tape and the confusing rules” that have long hobbled the relief program and “ensure public servants who are unable to meet the waiver deadline are not left behind,” Miguel Cardona, the education secretary, said on a call with reporters….
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The changes will be part of a separate set of patchwork fixesfor that program to offset errors, stretching back decades, that were made by the government’s hired loan servicers in tallying up income-driven payments.
The July adjustments will automatically give many public service workers pursuing loan forgiveness credits toward their required decade of payments, even if they don’t apply for the waiver before next week’s deadline, the Education Department said.
More than 236,000 people took advantage of the waiver period to get $14 billion in loans forgiven, Mr. Cardona said. Before last year’s changes, only 16,000 people had ever obtained relief through the program, which had become notorious for rejecting 99 percent of its applicants because of what Mr. Cardona called complex rules that were “full of trapdoors.”….