posted on Mar, 12 2019 @ 07:46 PM
a reply to: matafuchs
Fun history, there. The program was created by Dubya in 2007 and, through intention or miscalculation, staffed the program with a bunch of idiots
that told people information that was all over the place. This policy of idiocy continued under Obama. With the intricacies and strict rules of the
program, this misinformation made many people ineligible. They were either working in non-approved fields, hadn't filled out their
paperwork/re-certifications properly, or had the wrong type of loans.
Some of those people kept their paperwork, and promptly sued the bejesus out of the feds. By the time it went through the courts it was now Trump's
Dept. of Ed. The federal government was forced to create TPSLF (Temporary PSLF) to give these people some aid.
Part of the reason of the failure rate of the program is it's payment rules. You miss ONE payment, and your clock starts over. I'm not even sure if
you can be late without restarting the clock. You'd be amazed at the amount of people that can't pay 6 months of bills on time, much less 120
I am on Income-Based Rate on my federal loans, as recommended by both FedLoan and the fine print of my PSLF terms, working for a local government, and
I consolidated *before* enrolling in PLSF. That's another hidden land mine. If you consolidate at any time during the 120 months..you guessed it. The
clock resets. Your employment has to be of the right type. A "safe" bet is if you work for the feds themselves, your state, and local governments.
Supposedly non-profits are eligible too but I think they look closely at those. There are yearly paperwork requirements, two forms. One annual
employment re-certification and one income certification. If either of these are not done, Bad Things happen.
This program is not difficult, but there are certain conditions and if any one of them are not met TO THE LETTER, you are ineligible.
edit on 12-3-2019 by netwarrior because: An "r" fell off