Petition For Application Forgiveness
Description
How to fill out Petition For Forfeiture?
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FAQ
The White House announced that single borrowers earning less than $125,000 per year, or households earning less than $250,000, are eligible for $10,000 in loan forgiveness. Borrowers who fall under the income caps and received Pell Grants in college will receive an extra $10,000 ? totaling $20,000 in forgiveness.
You can use the PSLF Help Tool to assist you in completing and submitting the Public Service Loan Forgiveness (PSLF) form electronically with both your and your employer's signatures.
If you have loans that have been in repayment for more than 20 or 25 years, those loans may immediately qualify for forgiveness. Borrowers who have reached 20 or 25 years (240 or 300 months) worth of payments for IDR forgiveness may see their loans forgiven in Spring 2023.
You can use the PSLF Help Tool to assist you in completing and submitting the Public Service Loan Forgiveness (PSLF) form electronically with both your and your employer's signatures. You can also download the form, manually sign it and have your employer sign it, and submit it by mail or fax (see below).
Begin the student loan forgiveness application process Work with your servicer to find the right application, fill it out, and double-check the details. Be sure that your employment qualifies you for student loan forgiveness. For PSLF you must make 120 on-time payments while working for a qualifying employer.