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Help Your Employees Get PSLF Before the Limited-Term Waiver Runs Out

The Public Service Loan Forgiveness (PSLF) program was designed to encourage federal student loan borrowers to go into nonprofit or public service careers. The promise was forgiveness on loan balances after making 120 payments. However, program requirements stopped many from obtaining the benefit.

Until now! 

PSLF-eligible employers play a critical role in helping their employees untangle the complexities of this loan forgiveness program. In providing support, employers can also improve recruitment and retention. 

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The limited time PSLF Waiver creates more accessibility for employees, like yours. But only until Oct. 31, 2022.

PSLF and student loans, in general, are confusing! Provide your employees with expert support.

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Improve Recruitment

Let prospects know you're a PSLF-eligible employer who provides support.

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Create Goodwill with Employees

Help your employees get what could be thousands of dollars of student loan forgiveness.

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Decrease Turnover Cost

Give employees a great reason to stay, help them retain their PSLF eligibility.

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Provide Trusted Expertise

Engage a trustworthy partner who has the knowledge and insight to answer employee questions.

Powerful Stories of PSLF Impact

PSLF’s impact on Caroline

From the very beginning of her student loan repayment journey, Caroline was on auto pay because she never wanted to miss a payment. She previously applied for Public Service Loan Forgiveness (PSLF) but didn’t qualify because her loan type was ineligible (e.g., Federal Family Education Loan (FFEL) program). Read More...

From the very beginning of her student loan repayment journey, Caroline was on auto pay because she never wanted to miss a payment. She previously applied for Public Service Loan Forgiveness (PSLF) but didn’t qualify because her loan type was ineligible (e.g., Federal Family Education Loan (FFEL) program). With Ascendium’s help, Caroline recently reapplied under the temporary PSLF Waiver that expands accessibility to include previously ineligible loan types or repayment plans. She learned she met the 120 monthly payments forgiveness criteria back in 2017. She’s confident she’ll soon be hearing that her $18,000 balance will be forgiven. Through a few tears Caroline commented, “I’ve survived cancer, twice. My husband was laid off during the pandemic. We seriously tapped into our retirement savings, credit cards are maxed out and I don’t know how we’ve kept our house. I kept making my student loan payments, even throughout the repayment pause, because it’s a debt that I owe. This loan forgiveness will be a tremendous relief and make an enormous difference to my family.” ...Read Less

PSLF’s impact on Scott

Although Scott’s parents were able to contribute to his undergraduate degree, his law and master’s degrees were totally funded with student loans. As the debt amounts rose, the stress of paying it back weighed heavily on his mind and led him to researching PSLF. Read More...

Although Scott’s parents were able to contribute to his undergraduate degree, his law and master’s degrees were totally funded with student loans. As the debt amounts rose, the stress of paying it back weighed heavily on his mind and led him to researching PSLF. Given Scott’s librarian career path, he was aware of his PSLF eligibility if he followed all the rules. But he had reservations about whether it would work out the way it was promised at the end of his 120 payments. Scott said, “I accumulated a lot of debt, but I acquired it in the most fiscally responsible way I could by attending state schools and living frugally. I did research on the PSLF program and applied. But I had reservations about whether or not things would actually work out in the end.” In December 2021, Scott submitted his annual program recertification and thought he had a few payments left to fulfill the program. On Jan.12, 2022, he received a letter telling him that a recalculation affirmed he had met the PSLF qualifications and his balance of $132,000 in loans was forgiven. Scott said, “It’s obviously a great thing! My life and net worth are undeniably better than if my debt had not been forgiven. I'm glad that my loans were forgiven, and part of me still can't believe it.” ...Read Less

PSLF’s impact on Crystal

Crystal has held various positions at Western Technical College since 2001. But it wasn’t until she became a Financial Aid Advisor in 2012 that she became aware of PSLF and applied for it. Since then, she has completed the annual renewal certification and her employer has verified her employment. Read More...

Crystal has held various positions at Western Technical College since 2001. But it wasn’t until she became a Financial Aid Advisor in 2012 that she became aware of PSLF and applied for it. Since then, she has completed the annual renewal certification and her employer has verified her employment. She’s kept track of how many payments she had made and how many were remaining. As part of the limited PSLF waiver, her program enrollment, employment eligibility and payment history were reviewed and traced back to 2007. Since Crystal exceeded the 120-payment requirement, she was granted $30,000 in loan forgiveness and received a $4,000 refund for overpayments. Crystal stated, “This forgiveness couldn’t have come at a better time for me and my family. We’ve experienced hardships related to my husband’s inability to work as much as he normally would and unexpected expenses due to our son’s medical condition. I’ll be framing the forgiveness letter and putting it on the wall alongside my diplomas because it’s so important to me.” ...Read Less

    Our three solutions work together to help employees take advantage of this opportunity.

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    Student Loan Counseling

    Student Loan Success Center™

    Provide one-to-one
    personalized support from
    trusted experts.

    Learn more

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    Online Financial Education

    Knowledge Center

    Generate better financial
    outcomes with engaging
    videos and interactive tools.

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    Online Training By-Request

    SmartSessions®

    Gain new insights and stay
    a step ahead in an
    ever-changing world.

    Learn more

    “[The PSLF training was] wonderful, very informative. I had no idea I could do this.”

    Lilli Willingham

    Herzing University

    “I really enjoyed [the PSLF training]. I’ve had lots of questions about this because everyone’s situation is so unique, so having the opportunity to ask personal questions to an expert in the area was invaluable.”

    Heather Abadie

    Herzing University

    “The training was very helpful and informative which has helped me make a decision to move forward and apply for PSLF.”

    Jacqueline White

    Maude Whatley Health Service

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      Give Employees Insight
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      Short-term Waiver
      Download our free PSLF Overview