Student loan forgiveness opportunity

As a JHU employee, you may be eligible for the U.S. Department of Education's temporary program for borrowers

A graduation cap with tassel sits atop a roll of cash showing Benjamin Franklin’s face


Did you know that because you are employed at JHU, you may be eligible to receive student loan forgiveness under the U.S. Department of Education's Public Service Loan Forgiveness Program?

The PSLF Program forgives the remaining balance on direct loans after the borrower has made 120 qualifying monthly payments under a qualifying repayment plan while working full time for a qualifying employer. Johns Hopkins University is a 501(c)(3) nonprofit organization and is therefore one of those employers.

Now, for a limited time, borrowers may receive credit for past periods of repayment that would otherwise not qualify for PSLF. Under the new temporary rules, any prior period of repayment will count as a qualifying payment, regardless of loan program, repayment plan, or whether the payment was made in full or on time. To take advantage of these temporary rules, you must submit your application and all the supporting documents by Oct. 31, 2022.

Click here to learn more about the Public Service Loan Forgiveness Program and how you may qualify.

Posted in News+Info

Tagged hr newswire