Skip to content

148,000 Michigan residents could qualify for student loan forgiveness

LANSING, Mich. (WILX) — On Thursday, Governor Gretchen Whitmer announced that 148,000 Michiganders could qualify for student loan forgiveness.

Michigan residents who work in the public service, like those who work for the state, have until October 31 to see if they are eligible. Until then, the U.S. Department of Education is offering public servants working in government and eligible nonprofit organizations a second chance to qualify for student loan forgiveness.

Lily: Lansing police search for missing 14-year-old girl

An estimated 148,000 Michigan public service workers could be eligible for student debt relief under the PSLF waiver. According to the Office of Federal Student Aid’s June report, more than 6,000 Michiganders took advantage of the PSLF waiver and got $358 million in loans forgiven.

“After working as a teacher for over 20 years, doing what I absolutely love, I was blessed to have my student loans canceled years earlier than expected. I am so grateful that I applied for the PSLF program years earlier and went through the recertification process every year,” said Erika Carpenter, a 23-year-old educator at Southfield. “Teachers shouldn’t have student loans, especially when we’re not getting the income we deserve.”

East Lansing state employee Bryan Van Dorn said he took advantage of the PSLF waiver when it last became available in fall 2021.

“We just kept making loan repayments. Scratch at interest. Barely make a dent,” Van Dorn said. “Last fall, the rules changed and each of the payments I had made for the procedure over 10 years that were previously ineligible were deemed eligible. So I reapplied under the this temporary relief. A few paperwork, processing time and anxious anticipation later, the remaining balance is now zero. Canceling these loans ensures that my daughter will not have to bear the same burden.”

There are several online resources that Michigan residents can consult, as well as the waiver form.

Michiganders can use the student aid search tool to verify that their employer is eligible for the PSLF. They will be required to submit a certified copy of the Civil Service Loan Forgiveness Employment Certification Form to the U.S. Department of Education by October 31.

If borrowers have questions about their individual situation, they can visit the Michigan Student Aid website or call FedLoan Servicing at 1-855-265-4038.

Next:

  • State Police identify man killed by electrocution in Hillsdale County
  • Invasive spotted lanternfly detected in Michigan for the first time

Copyright 2022 WILX. All rights reserved.

Subscribe to our News newsletter 10 and get the latest local news and weather straight to your email every morning.


Source link

Privacy Policy Designed using Magazine Hoot. Powered by WordPress.