Student Loan Forgiveness 2017- Don’t Panic (YET)

Last week, the Student Loan Ranger heard from a lot of panicked student loan borrowers who had read about a lawsuit that several borrowers and the American Bar Association filed against the Department of Education. These individuals had submitted employment verification certificates under the Public Service Loan Forgiveness program and were initially told that their employers, including the ABA, were considered eligible under the program.

Unfortunately, upon the Department of Education’s further review, their eligibility approval was rescinded, meaning that eligible payments they made while working for these employers would no longer count toward the 120 they needed to obtain forgiveness under the PSLF program.

Continue reading