Page 17 - The EDGE Fall 2022
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to provide education loans guaranteed by the federal
government. Those loans are ineligible, but Ewald The Benefits Partner of Choice
mentioned a deadline of October 31, 2022. That’s
More than 4,000* school districts prefer our industry-
when the “limited PSLF waiver” is due to expire The Benefits Partner of Choice
– changes to the PSLF program rules that allow leading benefits education and enrollment support.
More than 4,000* school districts prefer our industry-
American Fidelity can work alongside your current
borrowers to receive credit for past periods of leading benefits education and enrollment support.
Health Trust or Broker to help with:
repayment that would otherwise not qualify for PSLF. American Fidelity can work alongside your current
• Comprehensive benefits planning
Health Trust or Broker to help with:
• Guided one-on-one benefit reviews (virtual or
in-person)
“This opportunity ends on October 31, 2022 – to be • Comprehensive benefits planning
• Ongoing employee benefits education
determined,” she said. “Federal Family Education • Guided one-on-one benefit reviews (virtual or
in-person)
Loans can become eligible for the PSLF limited We’re partnering with school districts in your region. We
• Ongoing employee benefits education
waiver and must be consolidated to direct loans to can work with you too. americanfidelity.com/arizona
We’re partnering with school districts in your region. We
make them eligible. You have to work 30 or more can work with you too. americanfidelity.com/arizona
hours a week in a public service job.”
If you miss the October 31 deadline to consolidate
loans, you can still consolidate to direct loans and
have your loans made eligible for forgiveness, but Arizona Branch Office
there will be no consideration of prior payments 800-616-3576 • americanfidelity.com
Arizona Branch Office
made while the loans were FFEL. * American Fidelity internal data, data as of 7/31/20.
800-616-3576 • americanfidelity.com
* American Fidelity internal data, data as of 7/31/20.
AASBO members were urged to complete their
SB-33181-0321 American Fidelity Assurance Company
certification annually after each academic year, and
Ewald walked attendees through the certification form. SB-33181-0321 American Fidelity Assurance Company
Before consolidating anything other than FFEL
loans, you should understand the ramifications of a
consolidation, she said.
“You have to make income-driven
payments recorded annually by the She strongly recommended against paying anyone
Department of Education. After ten for guidance through the loan forgiveness programs.
Your best source is: www.studentaid.gov, which is
years, whatever is left is forgiven, part of the U.S. Department of Education.
including interest.” – Lanaya Ewald
“IF it’s not on that website, it is not accurate,” Ewald
said.
“The program as we know it allows forgiveness,”
Lanaya Ewald can be reached at: (916) 769-4889 or
she said. “Consolidate your loans and they will still
Lanaya@PhocusFinancial.com
qualify for forgiveness.”
But not all loans need to be consolidated,
according to Ewald. If you already have direct
loans, consolidation is not in your best interest.
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