Student Debt Forgiveness Act
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
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FAQ
It's a federal program that forgives the remaining balance on your Direct Loans if you meet all of these requirements: Make 120 qualifying payments under qualifying repayment plans. Work full-time for a qualifying employer.
Student Loan Debt Relief Visit StudentAid.gov/debtrelief to learn more about the actions President Biden announced following the decision and find out how this decision impacts you.
The PSLF Program forgives the remaining balance on your Direct Loans after you've made the equivalent of 120 qualifying monthly payments while working full time for a qualifying employer.
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).
Student Loan Forgiveness Considerations As Student Loan Payments Resume. Borrowers who need to consolidate their loans via the federal Direct consolidation program to become eligible for student loan forgiveness under the IDR Account Adjustment should do so by December 31, 2023, ing to the Education Department.
