Dallas County is joining the effort to spread awareness of a program that can make it easier for public employees to pay off their student loan debt.
"That program almost always denied people up until now. Now they've made it much easier to qualify so that everyone who's made basically 120 payments or had a furlough that counts towards those should be able to get substantial debt reduction," explained Jenkins.The limited waiver relaxes some of the requirements.
For example, during the normal PSLF, those with Direct Loans, were only eligible. During this limited waiver, Direct Loans, Federal Family Educational Loans or Perkins Loans Qualify for the program. Prior to the waiver, 120 monthly payments had to be made under the Standard Plan or Income-Driven Repayment plan. Now, until the end of October, past payments under any plan count."One of our employees already got $65,000 off of her loans," said Jenkins.
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