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Get Stem Occupation Loan Forgiveness Form
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How to fill out the Stem Occupation Loan Forgiveness Form online
Filling out the Stem Occupation Loan Forgiveness Form online can be a straightforward process when you have clear guidance. This document is essential for individuals looking to reduce their student loan burden as part of the STEM Occupations Student Loan Forgiveness Program.
Follow the steps to successfully complete the Stem Occupation Loan Forgiveness Form
- Access the form by clicking the ‘Get Form’ button to obtain the document and open it in your preferred editor.
- Begin by filling out your general information in the designated fields, including your name, social security number, email, daytime phone number, and present mailing address.
- In the education and occupation section, confirm if you graduated from a campus STEM-related major as defined in Table 1. If yes, enter the program CIP code for that major. You will also need to provide your Standard Occupational Classification (SOC) number related to your job.
- Indicate your cumulative grade point average at the time of degree completion, and attach your final college transcript if the GPA is below 2.5.
- Specify which type of loan you wish to have reduced under this program by marking the appropriate box for your loan type.
- Enter the amount owed on the selected loan and the specified date.
- Provide the name and address of the financial institution maintaining your loan, alongside their phone number.
- In the applicant statement, certify that the information is accurate and complete. Sign and date the application in the appropriate sections.
- A personnel director or CEO must complete their section by certifying your employment and the classification of your occupation as a STEM job, including their contact information. They must also sign and date this statement.
- Once all sections are completed, save your changes, and download, print, or share the form as necessary.
We encourage you to fill out your documents online to ensure an efficient submission process.
To qualify for loan forgiveness, your loans cannot be in default, which means they have gone unpaid for more than nine months. ... However, some lenders might let you make interest-only payments or take a temporary interest rate reduction if you cannot afford your loan repayment.
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