Public Service Loan Forgiveness Eligibilty Criterias - Lifestyle UG Public Service Loan Forgiveness Eligibilty Criterias - Lifestyle UG

Public Service Loan Forgiveness Eligibilty Criterias

You might be eligible for the Public Service Loan Forgiveness Program if you work for a U.S. federal, state, local, tribal, or non-profit organisation.

Before you can get your loan forgiven without paying taxes, you have to make 120 payments over 10 years while working for the government or a nonprofit.

PSLF can only be used for loans that are part of the federal direct loan programme. Private student loans aren't eligible.

Because you have to make 120 qualifying monthly payments, it will take you at least 10 years to qualify for PSLF.

Whether you've made 120 qualifying payments or are working toward PSLF and completing your employer certification, fill out and send in the PSLF & TEPSLF Certification & Application.

However, if you qualify for the Limited PSLF Waiver, you will have the opportunity to receive credit for payments that were previously disregarded.

If you haven't made 120 qualifying payments by the time you send in a PSLF Form, your loans will be given to the PSLF servicer.

After the PSLF servicer figures out how many qualifying payments you made during the employment period on your form, you will get a letter telling you how many qualifying payments you have made.

You can find out how many qualifying payments you've made by logging in to your account with the PSLF servicer and looking at your loan details or by looking at your most recent billing statement.