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Limited Public Service Loan Forgiveness Waiver

Limited Public Service Loan Forgiveness Waiver

Student loans are a hot topic right with a lot of moving parts. It’s something that can change the amount of money you owe or the length of time you make payments. Because there is a lot to know, I’m doing a two-part series on student loans.

 

In this episode, I talk with Adam Hagerman about the Limited Public Service Loan Forgiveness Waiver. Adam is an AFC®, CFP®, with a mission to provide financial education that is easy to understand and free from outside influence.

 

In addition to his financial education site, Adam also works full-time as a civilian for the federal government. In his position, he’s provided financial coaching and education to thousands of civilian and military employees over the past 10 years.

 

In this first episode, Adam breaks down what the Limited Public Service Loan Forgiveness Waiver or LPSLF is, who it’s for, the financial benefits, requirements, and more.

 

Next week, we’ll be diving more into student loans with a conversion about the Public Student Loan Forgiveness Program.

 

Thank You!

Navy Federal Credit Union provides support for the Military Money Show. Navy Federal makes it easy to buy a car with their loan process. You can apply on their app, online, or if you prefer, you can apply by phone. You’ll get a decision in seconds. Another perk is Navy Federal’s Car Buying Service powered by TrueCar where you can shop, compare,
and get upfront pricing on your next new or used car. You can find out more at navyfederal.org.

 

Limited Public Service Loan Forgiveness Waiver Episode Details

  • Overview and details of the PSLF program
  • Waiver vs PSLF
  • Timeline of the limited waiver
  • Qualifying type of loan and repayment plans
  • How and when to get started
  • Forbearance and impact it can have
  • Actions needed to take before the Oct 31st deadline
  • Common mistakes made with the waiver program

Related: How to Get the Most Out of the Servicemembers Civil Relief Act

 

Limited Public Service Loan Forgiveness Waiver Resources

More Podcast: Money 101 for College-Bound Students

 

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Disclosure

These notes may contain links to our affiliate products or services, which means I might get compensation when you click or buy. That said, I’m only going to put affiliate links that are in line with our podcast discussion.

 

If you want to “kickstart” your finances in the military, you can get access to my free Financial Kickstart Kit here.

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