Don’t Miss the Halloween Deadline to Find Out if You Qualify for Student Loan Debt Forgiveness
October 4, 2022
October 4, 2022
October 31 is an important date this year, and not just because it’s a potential day of dealing with sweets-snarfing, high-energy kids at your school. It’s also the deadline for you to take advantage of the federal government’s Public Service Loan Forgiveness (PSLF) program. After Halloween, the program’s special waiver, which allows more loan payments to qualify, will expire.
PSLF began in 2007 and is designed to wipe away federal student debt for public employees, including educators, who have given 10 years of service and made 120 monthly payments on their federal student loans. (Even if you haven’t reached 10 years yet, you can still apply to reap the benefits of the temporary changes when you do.)
To learn more, visit NEA’s “Navigate Your Student Debt” webpage here. There, you’ll find more answers, along with access to podcasts, webinars, and video briefings from NEA experts.
The average pay of Virginia public school teachers in 2023-24 was $65,830. That is $4,260 below the national average of $70,090.
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