Hello MEEOA crew! In case you did not see this message from COE, regarding public service loan forgiveness for TRIO professionals. Have a great weekend! ---------- Forwarded message --------- From: Jonathan Elkin <[log in to unmask]> Date: Fri, Oct 8, 2021 at 2:48 PM Subject: New Public Service Loan Forgiveness flexibility will allow many more TRIO staff to qualify for loan forgiveness To: Dear TRIO educators, Thank you for sharing your stories of student debt in our recent COE survey. I wanted to reach out with an important update. *Hundreds of TRIO educators shared their stories of crushing student debt and challenges with the Public Service Loan Forgiveness (PSLF) program*, in response to the COE survey. Among the survey’s findings, student debt has placed a severe burden on TRIO educators' current financial situation - especially during the pandemic. *Student debt has caused more than two-thirds* *of TRIO educators to consider leaving *TRIO or public service, among survey respondents. Very few eligible TRIO educators have been able to make it through the PSLF program to have their loans forgiven. COE President Maureen Hoyler wrote to Secretary Cardona, sharing your stories, survey results, and recommendations to urge changes to the Public Service Loan Forgiveness (PSLF) program <https://t.congressweb.com/l/?SNJXVEJRJMSYXMV>. *This week, the Department of Education announced updates to the Public Service Loan Forgiveness (PSLF) program* to make more TRIO educators and other public service workers eligible for student loan forgiveness after 10 years of student loan payments. The Department included key elements of COE’s recommendations in this announcement. *TRIO staff members and alumni in other public service jobs have until October 31, 2022 (next year) to apply for this one-time flexibility. * *Click for a step-by-step guide on how to qualify for the new Public Service Loan Forgiveness flexibility, or how to apply for the first time <https://studentaid.gov/announcements-events/pslf-limited-waiver>.* The new changes will allow more than 500,000 public service workers to make more progress toward full loan forgiveness. These updates <https://www.ed.gov/news/press-releases/fact-sheet-public-service-loan-forgiveness-pslf-program-overhaul> include: - Allow student loan borrowers to count all types of past federal loan payments toward the 120 required monthly payments to earn forgiveness – including loans and payments plans that were not previously eligible. - Make it easier to certify eligible public service employment to count toward the requirements. - Review denied PSLF applications to correct errors and continue the process. - Develop a communications plan to provide outreach to eligible public service workers. - *Background: *Established by Congress in 2007, PSLF was intended to help federal student loan borrowers earn loan forgiveness after 120 monthly student loan payments (10 years) while working in a public service job in education, government, or a nonprofit organization, including TRIO educators. However, due to bureaucratic mismanagement and poor communication, fewer than 5% of eligible public service workers were able to make it through the program’s requirements and have their loans forgiven. COE will continue working with ED to fix this program to help more TRIO educators earn loan forgiveness. Thank you for sharing your story and helping advocate to make a difference. Jonathan Elkin Vice President for Public Policy Council for Opportunity in Education 1025 Vermont Avenue NW, Suite 400 Washington, DC 20005 Celebrate First-Generation College Students on November 8 at https://coenet.org/first-generation.shtml. -- Samantha Prosser TRIO Upward Bound Coordinator Maine Educational Opportunity Association (MEEOA) President University of Southern Maine 37 College Ave Gorham, ME 04038 Phone: 207-780-5828 Fax: 207-228-8259 Website: https://usm.maine.edu/upward-bound-veterans-high-school-students https://www.meeoa.org/ Pronouns: she, her, hers This message and its contents are confidential. If you received this message in error, do not use or rely upon it. Instead, please inform the sender and then delete it. Thank you.