Personal Finance

Public Service Loan Forgiveness: Learn How to Apply for this Program

PSLF offers a great opportunity for individuals dedicated to public service careers, providing a federal program to forgive the remaining amount on Direct Loans after 120 qualifying monthly payments.

Public Service Loan Forgiveness: A fantastic opportunity is provided by Public Service Loan Forgiveness (PSLF) to individuals who are dedicated to a career in public service.

After 120 qualifying monthly payments under a qualifying repayment plan, while working full-time for a qualifying company, this federal program forgives the remaining amount on Direct Loans.

To qualify for PSLF, you have to:

  • Employed by a Qualifying Employer: This includes certain non-profit organizations and positions held by federal, state, local, or tribal governments in the United States. Serving in the US military is also acceptable.
  • Be Employed Full-Time: Verify that your role fulfils your employer’s definition of full-time work.
  • Possess Direct Loans: You should think about combining any other federal student loans you may have into a Direct Loan.
  • Use a Qualifying Repayment Plan: The 10-year Standard Repayment Plan or an income-driven repayment plan are examples of qualifying plans.
  • Make 120 Qualifying Payments: These don’t have to be made one after the other.

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Send in the PSLF form once a year or whenever you switch jobs to avoid any issues.


This process assists in monitoring and validating your job status and qualifying payments.

You may have to go through a drawn-out evaluation procedure with every employer you’ve worked for if you wait until the end of your ten-year employment.

An HR representative a supervisor, or someone else with the authority to confirm your work status, must complete your employment certification.

Your employment history and full-time status must be verified.

To request loan forgiveness, submit your PSLF form after making your 120th qualified payment.

Make sure you submit the paperwork as long as you are still working for an eligible business.

It is required of your employer to attest to the fact that you are “still employed” or to certify the form within the month of your job ending.

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The following will happen once we receive your PSLF form:

  • Verification: Your form will be checked for completeness and to confirm your employment and loan eligibility.
  • Notification: You will be informed if additional information is needed or if there are any issues with your eligibility.
  • Forgiveness Approval: If everything is in order, your remaining loan balance will be forgiven, including any outstanding interest and principal. Payments made after your 120th qualifying payment will either be refunded or applied to any other federal student loan debt.
Eduvast Desk

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