Debt Forgiveness Assignment
Description
How to fill out Assignment Of Debt?
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FAQ
Once you have made your 120th payment, submit a PSLF form to count your qualifying payments and apply for forgiveness. Continue making your monthly payments while your account is being reviewed for forgiveness. ... Apply for a forbearance to postpone payments while your account is being reviewed for forgiveness.
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.
Whether you have made 120 qualifying payments, or not, you should fill out and submit the PSLF form annually or whenever you change employers. Otherwise, you'll have to submit PSLF forms for each employer you worked for all at once.
The PSLF Program forgives the remaining balance on your Direct Loan after you've made the equivalent of 120 qualifying monthly payments while working full time for a qualifying employer.
Applying for loan forgiveness is now made easy through the official online application portal atstudentaid.gov/debt-relief/application.
