![]() ![]() ![]() Keep in mind: Some borrowers have reported that their servicers’ payment tallies do not match their personal records. You do not have to make the 120 qualifying payments consecutively. Check it regularly to make sure it matches your records. The PSLF Help Tool tracks your progress to 120 qualifying payments. Save your digital receipts or monthly statements-for every payment! Check your payment tally To learn more about consolidation visit the Department of Education’s website. If you have other federal student loans such as Federal Family Education Loans (FFEL) or Perkins Loans you may be able to qualify for PSLF by consolidating into a new federal Direct Consolidation Loan. Only federal Direct Loans can be forgiven through PSLF. Make sure you have the right type of loans Submit the forms suggested by the PSLF Help Tool to document your qualifying employment and receive credit for your monthly payments. Department of Education (ED) and is free to use. Use the PSLF Help Tool to figure out your next steps. Here are some tips to achieve forgiveness as painlessly as possible. Getting PSLF will require careful attention to detail. How to qualify for Public Service Loan Forgiveness Visit the Department of Education’s website for the latest PSLF guidance. Military, state, local, or tribal) or certain non-profit organizations, you might be eligible for the PSLF Program. If you work or have worked in public service such as government (federal, U.S. PSLF allows qualifying federal student loans to be forgiven after 120 qualifying payments (10 years), while working for a qualifying public service employer. The deadline to apply is December 31, 2023. The application is also available in Spanish. The form is easy to fill out and should only take a few minutes to complete. How to apply for student loan debt reliefĪpply by filling out the application. Private loans (i.e., non-federal loans) are not eligible for debt relief. TIP: If you don’t know whether you received a Pell Grant or what type of loans you have, you can find out by logging into and selecting “My Aid” in the dropdown menu under your name. Federal Direct Consolidation loans are also eligible for relief, as long as all of the underlying loans that were consolidated were ED-held loans and were disbursed on or before June 30, 2022.Ĭonsolidation loans comprised of any FFEL or Perkins loans that were not held by ED are also eligible, as long as the borrower applied for consolidation before Sept. This means that subsidized loans, unsubsidized loans, parent PLUS loans, and graduate PLUS loans held by ED are eligible for cancellation. ![]()
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