If you have worked in public service (federal, state, local, tribal government, or a non-profit organization) for 10 years or more, you may be eligible to have all your student debt canceled. What is a qualifying employer?Qualifying employment for the PSLF Program isn’t about the specific job that you do for your employer. Instead, it’s about who your employer is. Employment with the following types of organizations qualifies for PSLF:
Use the Department of Education’s online search tool to determine if your employer counts and UCF counts as a qualifying employer. What is considered full-time employment?
What loans are considered Direct loans?
What repayment plan is required?
Temporary PSLF Waiver
How to apply for Public Service Loan Forgiveness?To apply for PSLF, borrowers should submit the Public Service Loan Forgiveness Certification and Application form. This form is used for the Employment Certification Form (ECF) and is also the application for forgiveness. Borrowers can access the PSLF application and ECF online through the PSLF Help Tool. It is recommended that borrowers not wait 10 years before submitting their ECF. It is recommended to submit an ECF at least once per year or any time a borrower switches employer. After each ECF submission, borrowers will be notified of how many qualifying payments they’ve made towards their 120 payments. The Employment Certification Form (ECF) must be certified by each qualifying employer a borrower has worked at. UCF employees can send their ECF to [email protected] for certification. Which PSLF Requirements Are WaivedHere’s what’s changed and what’s unchanged as of Oct. 6, 2021.
Who qualifies for PSLF?What loans qualify for forgiveness? Only loans you received under the Direct Loan Program are eligible for PSLF. Loans you received under the Federal Family Education Loan (FFEL) Program, the Federal Perkins Loan (Perkins Loan) Program, or any other student loan program are not eligible for PSLF.
How do I know if my loan qualifies for loan forgiveness?To be eligible for forgiveness, you must have federal student loans and earn less than $125,000 annually (or $250,000 per household). Borrowers who meet that criteria can get up to $10,000 in debt cancellation. If you also received a Pell Grant during your education, you can qualify for up to $20,000 in forgiveness.
How much can be forgiven with public service loan forgiveness?Depending on the payment plan selected, your forgiveness with PSLF would be up to $24,150. Do You Qualify For PSLF?
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