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  • Use This Form For Initial Determination Of Your Eligibility To Repay Eligible Federal Family

Get Use This Form For Initial Determination Of Your Eligibility To Repay Eligible Federal Family

Income-Based Repayment Plan Request Federal Family Education Loan Program Use this form for initial determination of your eligibility to repay eligible Federal Family Education Loan Program (FFELP).

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Your spouse's income is included in calculating monthly payments even if you file separate tax returns. However, a borrower may request that only his/her income be included if the borrower certifies that s/he is separated from his/her spouse or is unable to reasonably access the spouse's income information.

The laws and regulations for income-driven repayment (IDR) plans require payments to be calculated based on a combined household income, including your spouse's income if you are married.

The only one time you want to repay Direct Loans jointly with your spouse is when: Both you and your spouse's federal student loans are all Direct Loans; and. You've chosen to repay your loans under either the Revised Pay As You Earn plan (REPAYE) or the Pay As You Earn plan (PAYE).

Can we get Public Service Loan Forgiveness (PSLF)? You and your spouse can receive Public Service Loan Forgiveness (PSLF) on a joint Direct Consolidation Loan you obtained together.

The income limits are based on your adjusted gross income (AGI) in either the 2020 or 2021 tax year. People who earned less than $125,000 annually (or $250,000 if filing taxes jointly) are eligible. If you qualify in either of those years, you can get forgiveness.

To confirm your eligibility with the Education Department, you'll need to show either a standard 1040 tax return or a tax return transcript. If you didn't file taxes in either of those years, you'll want a verification letter from the IRS that you were a nonfiler.

If you choose to repay your Direct Loans jointly with your spouse under ICR, your servicer will calculate a separate ICR payment for each of you that is proportionate to your individual share of your combined Direct Loan debt.

To apply for a federal student loan, you must first complete and submit a Free Application for Federal Student Aid (FAFSA®) form. Based on the results of your FAFSA form, your college or career school will send you a financial aid offer, which may include federal student loans.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232