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Get Public Service Loan Forgiveness Application 2022-2024
Direct Loan) Program PSFAP - XBCR WARNING: Any person who knowingly makes a false statement or misrepresentation on this form or on any accompanying document is subject to penalties that may include fines, imprisonment, or both, under the U.S. Criminal Code and 20 U.S.C. 1097. SECTION 1: BORROWER INFORMATION Please enter or correct the following information. Check this box if any of your information has changed. SSN Date of Birth Name Address City State Zip Code Telephone - Primary Telephone.
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Public loan forgiveness application form FAQ
You might be eligible for Public Service Loan Forgiveness! Please log-in to the PSLF Help Tool and begin your PSLF form right away. Please Note: You'll need to apply to consolidate your loans into the Direct Loan program and apply for PSLF by October 31, 2022.
This form can be completed and submitted online at StudentAid.gov/pslf. If this form is being completed manually or was generated to sign manually, it must be signed using an acceptable signature.
If you remain on RAP for the full five years, the government will begin paying both your principal and interest amount for the remainder of your time in the program. Additionally, under RAP, if you pay your debt for 10 consecutive years, the government will pay off your loans for the remaining five years.
Even if you do not have 120 qualifying payments at the end of the waiver period, you should submit the PSLF Certification and Application form to learn from FedLoan Servicing the number of qualifying payments you have already made. After the required 120 payments are made, you can apply for loan forgiveness.
How to Submit the PSLF Form complete your PSLF form, send your form to your employers for their digital signature (certifying your employment), and. electronically submit your form to the PSLF servicer for processing.
Borrowers are eligible for forgiveness if they have accumulated the equivalent of either 20 or 25 years of qualifying months. Borrowers will be notified directly by their servicers via email when their loans have been discharged, and all qualifying loans will be discharged over the coming weeks.
After you make your 120th qualifying monthly payment for PSLF, you'll need to submit the PSLF form to receive loan forgiveness.
Only loans you received under the Direct Loan Program are eligible for PSLF. Loans you received under the Federal Family Education Loan (FFEL) Program, the Federal Perkins Loan (Perkins Loan) Program, or any other student loan program are not eligible for PSLF.
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