What is the PSLF Snowball? [Rebroadcast]
Only a small number of people were approved for PSLF in the first year of eligibility; I expect the 1% acceptance rate for PSLF is the lowest we will ever see and we should look forward to an increase each year. The media has put out quite a few clickbait headlines on PSLF while sharing plenty of inaccurate information. PSLF became a major story in 2018, but I feel despite the backlash that the program is here to stay. Today on the Student Loan Planner® podcast, we will be discussing Public Service Loan Forgiveness (PSLF) and how the approval rate will snowball to a larger percentage in future years. In today’s episode, you’ll find out: The truth about the high rejection rate for PSLF Whether there is a massive number of PSLF borrowers coming in the future Why many physicians aren’t eligible for PSLF anymore PSLF structural flaws that can get ironed out over time Why people were mainly rejected based on these 4 factors: 1. Had loans that didn’t qualify 2. Used the wrong repayment plan 3. Failed to include their employer’s EIN tax number 4. Failed to check a box on the form saying they were currently employed by a non-profit For more information, visit the show notes at https://www.studentloanplanner.com/podcast-what-is-pslf-snowball Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts Follow on Facebook, Twitter, or LinkedIn Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan