Office Hours: $1,000 tax credit for borrowers in Maryland & whether to start a nonprofit for PSLF
Office Hours is a free, semi-monthly virtual student loan clinic presented by the @Maryland Center for Collegiate Financial Wellness that provides borrowers with a trusted venue to help them navigate student loans and prepare for financial success beyond repayment.
The 7.27.22 edition answered borrower questions about PSLF–including whether to start a nonprofit to obtain loan forgiveness, reviewing payment counts, and the ongoing servicer transition from FedLoan to MOHELA–and how Maryland residents with student loans can determine if they are eligible and apply for the Maryland Student Loan Debt Relief Tax Credit.
Disclaimer: Office Hours is presented by the Maryland Center for Collegiate Financial Wellness for informational purposes only. The information presented does not represent financial or legal advice.
#studentloans #PSLF #PSLFwaiver #studentloanforgiveness #pslfcount #consolidation #refund #studentloancoaching
Contents
00:00 Introduction
05:45 Hope for a teacher who had been rejected from PSLF
06:50 How to the waiver helped one borrower go from zero to 120 qualifying payments
12:02 Can I start my own nonprofit for PSLF?
12:27 How to start a nonprofit
14:55 What kind of nonprofit organizations qualify for PSLF?
18:21 What kind of employees can get PSLF?
19:47 Can I get PSLF if I work for a nonprofit but my W-2 comes from the payroll vendor?
20:58 Should I start a nonprofit to get PSLF?
22:06 What kind of purpose makes an organization qualify as a nonprofit?
24:05 Can I start a nonprofit to get PSLF?
25:52 Is the student loan payment pause going to end on August 31?
27:10 How does the Maryland Student Loan Debt Relief Tax Credit work?
28:24 Can I get the Maryland Student Loan Debt Relief Tax Credit?
31:00 How do I apply for the Maryland Student Loan Debt Relief Tax Credit?
33:10 How to keep your tax credit
35:33 How to avoid losing your tax credit because of the CARES Act Forbearance
37:28 I am confused by my payment count. I have been paying student loans for several years but my count is at 2 payments.
38:17 Why the payment count is so low after consolidating
39:35 I am getting a new student loan servicer. Where should I send my PSLF documents?
41:15 Are my loans going to Aidvantage or MOHELA for PSLF?
42:57 How the limited waiver brought a FFELP Loan borrower 7 years closer to loan forgiveness
46:25 How a FFELP borrower can achieve PSLF before and during the waiver
52:45 What if my employer will not sign my PSLF form?
53:40 Why the PSLF Help Tool is better than completing the PSLF Application by hand
55:30 Should I walk in my PSLF form or email it to my employer for them to sign?
56:18 Can I sign the form electronically or will it be rejected?
58:56 Student loan resources for Marylanders who want PSLF or the MD Student Loan Debt Relief Tax Credit
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