Article Summary: How to Get Forgiveness Credit If You Were Steered Into Forbearance

Key Points:

• The Public Service Loan Forgiveness (PSLF) waiver and income-driven repayment (IDR) one-time account adjustment or waiver are important student loan debt relief legislation.
• If you are eligible for these waivers, you might be closer to student loan forgiveness.
• Being steered into forbearance can delay your progress towards forgiveness.
• You can get credit for the months you were in forbearance if you can prove you should have been in an IDR plan or PSLF.
• For PSLF, you need to submit proof of employment for the month you were in forbearance.
• For IDR plans, you need to provide evidence that you should have been advised to be in an IDR plan instead of forbearance.

Hot Take for Physical Therapists:

Physical therapists often have high levels of student loan debt due to the advanced degrees required for the profession. The PSLF and IDR options can be beneficial for physical therapists looking to get out of debt. However, being steered into forbearance can hinder progress towards forgiveness. Physical therapists should be proactive in understanding their options and ensuring they are in the right repayment plan to maximize the benefits of forgiveness programs.

Reference Article https://www.studentloanplanner.com/forbearance-count-student-loan-forgiveness/