As an employee of a not-for-profit organization, you may qualify for student loan forgiveness under the Public Service Loan Forgiveness Program. The PSLF Program forgives the remaining loan 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.
Public Service Loan Forgiveness (PSLF) Help Tool
The PSLF Help Tool will;
help you understand more about the PSLF Program and what you need to do to participate and possibly have your loans forgiven;
help you assess whether your employer qualifies for PSLF;
help you assess whether your loans qualify for PSLF;
help you decide which PSLF form to submit; and
use the information we have about your federal student loans to explain other actions you should or must take if you want to receive PSLF.
At this time, the PSLF Help Tool will not allow you or your employer to electronically sign the forms that the tool will generate for you. Therefore, to complete the PSLF Help Tool process, you will need to print the PDF document that the tool generates, sign it yourself, send it to Nancy Foster in HR for completion, and then submit the form to FedLoan Servicing as instructed on the printed PDF document.