(Debt) Cancel Culture - Part 2

The information below was circulated by email to emeriti groups but is relevant to all persons with eligible loans:

On behalf of Academic Senate Chair Horwitz and Vice Chair Cochran, please see the letter below, which requests immediate campus distribution of a notice about applying for expanded eligibility for Public Service Loan Forgiveness (PSLF) and registering to attend one of two upcoming UC town hall forums about the PSLF program.

Dear All,

The following went out to all Academic Council members this afternoon, and hopefully each campus will quickly act to distribute to Academic Senate members. I am including Jim Chalfant on this email since he has better connections to retiree organizations. Jim - Could you pass this on to the emeriti and retiree groups? There are a sizeable number of people in their 70s with outstanding student debt, and there may be more who have taken out parent loans. My understanding is that unless people act by October 31 they will lose out on the opportunity to get credit for payments that were previously denied or just not counted.

Best, David Brownstone

===

August 24, 2022

ACADEMIC COUNCIL

Re: Public Service Loan Forgiveness at UC

Dear Academic Council Members,

We would very much appreciate it if you could send out the following important message to all Academic Senate members (including retirees) at your campus. Note that President Biden's actions today did not extend the October 31 deadline for applying for expanded eligibility for Public Service Loan Forgiveness.

Sincerely, Robert Horwitz, Chair, Academic Council

Susan Cochran, Vice Chair, Academic Council

CC: Campus Senate Executive Directors, Executive Director Lin

===

UC Academic Senate Members and Employees:

If you have federal student loans (including parent loans), you are likely eligible for cancellation of your entire remaining federal debt following 10 years of working full-time for UC (or another qualifying employer) and making loan payments. Eligibility for the Public Service Loan Forgiveness (PSLF) program has been expanded under a time-limited waiver that currently expires October 31, 2022. Even borrowers who were previously ineligible or missed payments can now receive PSLF. Note that it is critical to start the application process now since it takes time to get the necessary paperwork from UC and the U.S. Department of Education.

Please visit the UC Public Service Loan Forgiveness (PSLF) page here to check your eligibility and start your application. We expect a surge of applicants who will need their UC employment certified well before the October 31 deadline, so it is important to apply right away.

For more information, please attend one of two town halls on August 31 at 10 AM and 2 PM. For details and registration, see the UC Public Service Loan Forgiveness (PSLF) page at:

https://ucnet.universityofcalifornia.edu/working-at-uc/public-service-loan-forgiveness.html. 

You must register before you are able to attend the town halls. Please note that even though these town halls are being hosted by Fidelity, the speakers will be experts from the U.S. Department of Education and UC faculty.

===

We are experimenting. Click on link below to hear text above: