Get Nelnet Teacher Loan Forgiveness Application 2014 Form

After you make your 120th qualifying monthly payment for PSLF, you'll need to submit the PSLF form to receive loan forgiveness. You must be working for a qualifying employer at the time you submit the PSLF form and at the time the remaining balance on your loan is forgiven.

You apply for teacher loan forgiveness by submitting a completed Teacher Loan Forgiveness Application to your loan servicer after you have completed the required five consecutive years of qualifying teaching.

Because you have to make 120 qualifying monthly payments, it will take at least 10 years before you can qualify for PSLF. Important: You must be working for a qualifying employer at the time you submit the form for forgiveness and at the time the remaining balance on your loan is forgiven.

Under Income-Driven Repayment (IDR) Plans, any remaining loan balance is forgiven if a borrower's federal student loans aren't fully repaid at the end of the repayment period (either 20 or 25 years, depending on the type of plan).

4038. This is the only student loan forgiveness form you'll need to apply for student loan forgiveness. If you don't qualify for the Public Service Loan Forgiveness (PSLF) program, you may qualify for Temporary Expanded Public Service Loan Forgiveness (TEPSLF).

How To Apply For One-Time Student Loan Forgiveness. The loan forgiveness application is available at studentaid.gov/debt-relief/application. Additional information may be found on the StudentAid.gov website.

Who qualifies for student 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.

The debt relief applies only to loan balances you had before June 30, 2022. Any new loans disbursed on or after July 1, 2022, aren't eligible for debt relief.