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Members of the early care and education (ECE) workforce who work for a qualified employer—including many Head Start, preschool and child care programs— may now be eligible for federal student loan forgiveness through the Public Service Loan Forgiveness (PSLF) program for their important public service.
This document summarizes the three main federal loan forgiveness programs for which some early childhood educators may qualify. You can see the entire list of federal student aid options here: Student Loan Forgiveness | Federal Student Aid.
17 paź 2024 · The PSLF program supports public servants—including teachers, nurses, social workers, first responders, service members, and other public servants—by forgiving the remaining student loan balance for those who make the required 120 qualifying monthly payments.
20 lip 2022 · Because of the COVID-19 emergency, the U.S. Department of Education announced a change to Public Service Loan Forgiveness (PSLF) program rules. For a limited time, borrowers may receive credit for past periods of repayment that would otherwise not qualify for loan forgiveness.
Child care financial assistance (also called vouchers, certificates, or subsidies): States and territories receive funding from the federal government to provide child care financial assistance to help families with low-income pay for child care so they can work or attend school. Eligibility requirements are different in each state.
31 paź 2022 · Head Start Employees: Reduce Your Monthly Student Loan Payment. This guide provides information about two federal programs that could help make student loans easier to pay back: Public Service Loan Forgiveness (PSLF) and Income-driven Repayment (IDR).
19 sie 2022 · The Public Service Loan Forgiveness program (PSLF) must be revised to include home-based child care providers. According to the existing definition of a “public service job,” home-based providers should already be included.