Comments on: How to Find Employers Eligible for PSLF https://studentloansherpa.com/find-employers-eligible-for-pslf/ Expert Guidance From Personal Experience Sat, 26 Oct 2024 20:06:07 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Michael P. Lux, Esq. https://studentloansherpa.com/find-employers-eligible-for-pslf/comment-page-1/#comment-15374 Sat, 26 Oct 2024 20:06:07 +0000 https://studentloansherpa.com/?p=10563#comment-15374 In reply to patty keaggy.

It sounds to me like you might be closer to student loan forgiveness than you realize.

First, Credit Unions, though not-for-profit, don’t usually qualify for PSLF. There is a quick explanation on this page: https://studentaid.gov/articles/become-a-pslf-help-tool-ninja/ To get more technical: 501(c)(3) organizations all count toward PSLF, but Credit Unions are not 501(c)(3)s, because they are a different type of not-for-profit organization, the type of work they do is reviewed, and credit unions don’t meet that requirement.

However, given that you have been in repayment for over 20 years, you may be very close to IDR forgiveness. The one-time adjustment might help you get even closer, but the recent SAVE litigation might be a challenge. I’d encourage you to investigate IDR forgiveness and how it could help you.

]]> By: patty keaggy https://studentloansherpa.com/find-employers-eligible-for-pslf/comment-page-1/#comment-15370 Thu, 24 Oct 2024 18:57:17 +0000 https://studentloansherpa.com/?p=10563#comment-15370 Is there anything I can do about my student loan which I have paid on time since 2011ish. The balance has not gone down. This loan will never be paid off. The capitalized interest is the reason. How is this fair to borrowers who take out federal student loans?
I worked for a credit union that was a non profit but Mohela doesn’t recognize the credit union as non profit. I can not get out from under this student loan. I have paid for it almost 20 years still with a balance of $70k. Do I need to seek counsel? I know nothing is life is fair but I also should be able to pay this loan off especially after almost 20 years.

]]> By: Christine Evers https://studentloansherpa.com/find-employers-eligible-for-pslf/comment-page-1/#comment-14696 Mon, 24 Jun 2024 16:35:25 +0000 https://studentloansherpa.com/?p=10563#comment-14696 Thank you!

]]> By: Michael P. Lux, Esq. https://studentloansherpa.com/find-employers-eligible-for-pslf/comment-page-1/#comment-14695 Mon, 24 Jun 2024 13:42:52 +0000 https://studentloansherpa.com/?p=10563#comment-14695 In reply to Christine Evers, LICSW.

If you made your company a 501(c)(3) not for profit entity, you could do it. Outside of that, there really isn’t an option.

When it comes to PSLF, the entity signing the paycheck matters far more than the work you do.

]]> By: Christine Evers, LICSW https://studentloansherpa.com/find-employers-eligible-for-pslf/comment-page-1/#comment-14692 Sun, 23 Jun 2024 22:54:37 +0000 https://studentloansherpa.com/?p=10563#comment-14692 I have a counseling company and would like to know if it is possible for me to become a qualified pslf employer?

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