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If you have ever worked for a government or 501c3 organization, you may be eligible for federal loan forgiveness programs. Depending on your profession, you may also qualify for state repayment assistance programs. Please review Important Notice for Employees with Student Loan Debt to see if you may be eligible for programs and how to apply.PSLF OverviewThe PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.PSLF Qualificationsbe employed by a U.S. federal, state, local, or tribal government or not-for-profit organization (federal service includes U.S. military service);work full-time for that agency or organization;have Direct Loans (or consolidate other federal student loans into a Direct Loan)repay your loans under an income-driven repayment plan; andmake 120 qualifying payments.Applying for PSLF:It is recommended that you certify your employment each year. To certify your employment:It is recommended you use the PSLF Help Tool. The PSLF Help Tool will help prepare your PSLF form. If you choose to fill out the form manually, you can download and print the form.After getting your PSLF Form, you should list the address and Employer Identification Number (EIN) for your employer as found on your W2.You should have the employer that you are filling out the form for sign it. Please note that your employers signature must be hand drawn (from a signature pad, mouse, finger, or by taking a picture of a signature drawn on a piece of paper that you then scan and embed on the signature line of the PSLF form) to be accepted.Send the completed form, with your employers certification, to MOHELA, the U.S. Department of Educations federal loan servicer for the PSLF program. You may fax the form to or mail the form to the address below:U.S. Department of EducationMOHELA633 Spirit DriveChesterfield, MO 63005-1243Are you a Savi customer?Please contact Savi for assistance with your PSLF at . To determine who you should contact to complete your PSLF form, make a selection below. 6. What date will the ISC use as my Hire Date?The ISC will use your original hire date when completing Section 3 of the form; this applies to re-hired employees as well (i.e. the ISC will use the hire date of your most recent position). In turn, FedLoans will determine which date you become eligible.US President Joe Biden announces student loan relief on August 24, 2022, in the Roosevelt Room of ... + the White House in Washington, DC. - Biden announced that most US university graduates still trying to pay off student loans will get $10,000 of relief to address a decades-old headache of massive educational debt across the country. (Photo by OLIVIER DOULIERY AFP) (Photo by OLIVIER DOULIERYAFP via Getty Images)AFP via Getty ImagesA temporary waiver for the Public Service Loan Forgiveness (PSLF) program has provided over $10 billion in student loan forgiveness for hundreds of thousands of borrowers. But the initiative is set to end in only two weeks, so time is running out to apply. Heres what you need to know if youre thinking about applying for student loan forgiveness under this expiring initiative. Public Service Loan Forgiveness (PSLF) is a federal student loan forgiveness program. First established in October 2007, PSLF can eliminate the federal student loan debt for borrowers who commit to working for nonprofit or government organizations for 10 years or longer. Under the original PSLF regulations, borrowers needed to make 120 qualifying payments to become eligible for student loan forgiveness. But the definition of a qualifying payment was complicated — only payments made on Direct federal student loans under an income-driven repayment plan or 10-year Standard plan would qualify. Payments made on the wrong kind of federal student loan or under the wrong repayment plan wouldnt count.The complicated eligibility rules, and poor administering of the program by the government and its contractors, resulted in high denial rates. To address these shortcomings, last year the Biden administration created the Limited PSLF Waiver.Under the waiver initiative, the Education Department is able to go back and credit many loan periods towards a borrowers 120 qualifying payments that, under the original PSLF rules, could not have counted. This includes any past period of repayment on any type of federal student loan (including FFELP loans, which dont qualify under the original PSLF rules) as well as certain periods of deferment and forbearance. But the benefits of the Limited PSLF Waiver are only temporary, and they end in two weeks. The waiver initiative is set to sunset on October 31. That means that when November 1 hits, the PSLF program reverts back to the original framework, where only payments made on Direct loans under qualifying repayment plans will count. While some of the relief under the Limited PSLF Waiver will be provided automatically, many other borrowers still need to take steps to qualify. Education Department officials are urging borrowers to apply. How To Get Student Loan Forgiveness Through the PSLF WaiverWhether a borrower must take steps to benefit from the Limited PSLF Waiver depends on their circumstances.Borrowers who have all Direct federal student loans, and have already submitted PSLF Employment Certification forms, may not need to do anything at all. The Education Department will automatically adjust borrowers PSLF payment counts in accordance with the Limited PSLF Waiver guidelines, even after the October 31 deadline has passed. Borrowers with FFELP loans would need to consolidate those loans via the federal Direct consolidation program for those loans to get PSLF credit under the waiver. In addition, borrowers with many different individual student loans (Direct or FFELP) that have different PSLF payment counts can also consider Direct loan consolidation to maximize PSLF credit under the waiver. While the Direct consolidation process can take 30 to 60 days, the Education Department indicates that borrowers who submit their Direct loan consolidation application through the StudentAid.gov website by October 31 will be considered timely, even if the application is processed after this date.Finally, both Direct and FFELP borrowers who have not certified all of their public service employment should complete and submit PSLF Employment Certification forms before the October 31 deadline. The Education Department can consider qualifying employment as far back as October 2007. The Education Department recommends that borrowers use the online PSLF Help Tool to generate their PSLF forms, as the department will maintain a record of the steps that the borrower took online prior to October 31. The Education Department has published detailed guidance on the Limited PSLF Waiver application process, including instructions on how and where to submit the PSLF Employment Certification forms to be considered timely. Borrowers should carefully review this guidance. PSLF Waiver Is Distinct From Bidens One-Time Student Loan Forgiveness Program, and FFELP Loans Can QualifyThe Limited PSLF Waiver is a completely different loan forgiveness program from the new one-time student loan cancellation program currently dominating the news. That program can provide up to $20,000 in student loan forgiveness for qualifying borrowers (student loan forgiveness through PSLF, however, is not capped). While FFELP loans are excluded from relief under the one-time cancellation initiative as of September 29, FFELP loans can still potentially qualify for loan forgiveness under the Limited PSLF Waiver, provided that the borrower consolidates and submits their employment certification form by the October 31 deadline. Importantly, the Limited PSLF Waiver and the one-time cancellation program are not mutually exclusive. You can apply for both. Borrowers should be mindful, however, that consolidating FFELP loans with existing Direct loans into a single Direct consolidation loan based on an application submitted on or after September 29, 2022 could potentially make the entire consolidated balance ineligible for Bidens one-time cancellation initiative, following changes to eligibility guidelines.The Biden administration recently initiated a beta launch of the application for one-time student loan forgiveness, and borrowers will have until December 31, 2023 to apply. You can review detailed guidance on the one-time cancellation initiative here. Further Student Loan Forgiveness ReadingBidens Student Loan Forgiveness Application Is Here — 5 Tips Before You SubmitIn Reversal, Biden Administration Announces New Eligibility Limits On Student Loan Forgiveness5 Key Takeaways From The Sudden Change To Student Loan Forgiveness EligibilityBidens Student Loan Forgiveness Could Be Taxable In Some States

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