You meet the eligibility requirements for the PSLF program if: You’re a full-time employee of an eligible employer (federal government, state government, local government, government agency, tribal government, or a nonprofit organization) Your federal student loans are Direct Loans To apply, just fill out and submit the employment certification form by using our tool. For us, that means you either meet your employer’s definition of “full-time” or work at least 30 hours per week, whichever is greater. NOTE: As an alternative to filling out Section 4, your Commanding or Personal Officer may forward separate documentation that includes all of the information requested on the form. If some or all of the payments you made on your Direct Loans were under a non-qualifying repayment plan for PSLF, you may qualify for TEPSLF if you meet the other requirements. This official may include a party authorized by the borrower's employer to certify the employment status of a current or former employee or service member. We’ll go into more detail on what “qualifying” means for each of these elements below. And the 10 years don’t even have to be consecutive, so if you switch to the private sector or take a couple years off, you can still qualify for PSLF. 2. Easily prepare your TEACH Grant Certification Form with Forms Assistance! how Federal Student Aid partners with loan servicers, list of our trusted federal student loan servicers, Options to Postpone Payments for Endorsers and Co-makers, TEACH Grants may be converted to Direct Unsubsidized Loans, TEACH Grant Suspension/Military Discharge Request Form, can only contain numbers, letters, and underscores, any of these special characters: ! The PSLF program forgives the balance on a direct loan after 120 qualifying monthly payments are made by full-time employees working for qualified employers. If your loan type isn't listed above, you can consolidate your non-eligible federal student loans into a Direct Consolidation Loan to make them eligible for PSLF/TEPSLF. Continue making your monthly payments while your account is being reviewed for forgiveness. To apply, just fill out and submit the employment certification form by. Your loans will have a new disbursement date that may be after you began serving active duty. Your annual recertification period is the 12 month time To qualify for PSLF, I must be employed full-time by a qualifying employer when I apply for and receive PSLF. Apply for a forbearance to postpone payments while your account is being reviewed for forgiveness. These payments count toward the 120 required for loan forgiveness. Relying on PSLF can limit your career options. [ 2 ] Work full-time. This party should have access to the borrower's employment or service records, and is also authorized to assist in the borrower's completion of Section 3. You need to certify that you are currently performing teaching service that meets the requirements of your service obligation, as explained in your ATS. Get an Affordable Payment Based on Your Income. If that is true and your form still got rejected, make sure all the information is correct. There are some exceptions, though: if you’re a volunteer with AmeriCorps or the Peace Corps, you can use your Segal Education Award or Peace Corps transition payment to make a single “lump-sum” payment that may count for as many as 12 qualifying PSLF payments. You do not complete your TEACH Grant eligible program of study, and within 1 year after you cease enrollment at your school: You have not applied for and been determined eligible for a suspension of the 8-year period for completing your service obligation under one of the conditions described in your Agreement to Serve; You have not reenrolled in a program for which you would be eligible to receive TEACH Grants; or. P.O. Now What? While we like to think that major changes to programs like these will be made in phases so that no one enrolled in the programs is hurt, it’s hard to know for certain if the program will be around to forgive your loans. NON-PROFIT AND GOVERNMENT EMPLOYERS If you intend to teach but are currently unable to, you may qualify for a temporary suspension of the time you need to complete your service obligation, as explained in your Agreement to Serve. You can meet the full-time requirement by being employed part-time for multiple employers, but they must all be qualifying employers. Called or ordered to active duty service as a member of the National Guard on full-time National Guard duty, as defined in 10 U.S.C. We recommend you submit your first PSLF form after you are confident you: Once your qualifying employment is approved, we will begin tracking your progress towards completing the 120 qualifying payments each time you submit a new PSLF form. Disadvantages You can’t make a qualifying payment while your loans are in an in-school status, or in the grace period, in deferment, or in forbearance. If you have an overpayment on loans forgiven under TEPSLF, that overpayment will be applied to any other loans with an outstanding balance if applicable. If you decided that consolidation is the right option for you, apply online now at StudentAid.gov! Luckily, the 10 years in the public sector don’t need to be consecutive. Public Service Loan Forgiveness (PSLF) could get you there, but you’ll need to meet a few requirements to make it happen. Serving on qualifying National Guard duty. The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your federal Direct Loans after you make 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying public service employer. Providing Power of Attorney (POA) to someone you trust may be the most useful option if you have limited access to your account while you are away. We recommend that you submit a new PSLF form annually. If it appears you are eligible for PSLF/TEPSLF, your employer may be contacted before granting loan forgiveness. If your current (or expected) individual income is higher than your total federal debt, it’s likely you don’t qualify. You can provide your POA with the ability to make decisions and changes on your account. If some or all of the payments you made on your Direct Loans were under a non-qualifying repayment plan for PSLF, you may qualify for TEPSLF instead. In this situation, you may want to exclude your existing Direct Loans from the consolidation and consolidate only your other federal student loans. Circumstances or conditions that qualify you for a temporary suspension of the 8-year period for completing your service obligation are: You can request a suspension of your service obligation for 12 months at a time (up to 3 years maximum) if you are: If you are subject to an extended call or order to active duty and you've already used the 3 years allotted to suspend your service obligation due to your time spent on active duty, you may qualify for a discharge of some or all of your service obligation. To approved employment periods are tracked as qualifying pre-populated with information about your loans are completely forgiven your PLUS. Only your other federal student Aid recommend that employees submit a new PSLF form, indicating the dates of Service... Can ’ t primarily on the submission of the PSLF help tool to walk you through completing the PSLF will. When pslf qualifying employers switch employers to make managing your loans, employment, we recommend you have to be.. 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