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Penn State Extension Request to Fill a CountyBased Educator or Program Assistant Position *Obtain all Department signatures before submitting to Administrative Services for approval×Position Title:

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How to fill out public service loan forgiveness

01

Step 1: Gather all necessary documents, such as your loan servicer information, employment certification forms, and proof of qualifying employment.

02

Step 2: Submit the employment certification form to ensure that your employment qualifies for the public service loan forgiveness program.

03

Step 3: Enroll in a qualifying repayment plan, such as an income-driven repayment plan, if you haven't already.

04

Step 4: Make 120 qualifying payments while working full-time for a qualifying employer. These payments must be made on time.

05

Step 5: Submit the Public Service Loan Forgiveness application after you have made your 120 qualifying payments.

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Step 6: Await a response from the loan servicer regarding your application. If approved, your remaining loan balance will be forgiven.

Who needs public service loan forgiveness?

01

Public service loan forgiveness is designed for individuals who work full-time for a government or non-profit organization.

02

It is ideal for borrowers who have a considerable amount of student loan debt and plan to work in the public sector long-term.

03

Teachers, nurses, military personnel, public defenders, and other public service workers can benefit from this program.

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What is public service loan forgiveness?

Public Service Loan Forgiveness (PSLF) is a federal program that forgives the remaining balance on Direct Loans after the borrower has made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.

Who is required to file public service loan forgiveness?

Borrowers who work full-time for a qualifying employer and have made 120 qualifying monthly payments on their Direct Loans while on a qualifying repayment plan are required to file for Public Service Loan Forgiveness.

How to fill out public service loan forgiveness?

To apply for Public Service Loan Forgiveness, borrowers must submit the Public Service Loan Forgiveness (PSLF) Application for Forgiveness form, along with proof of employment and payment history.

What is the purpose of public service loan forgiveness?

The purpose of Public Service Loan Forgiveness is to incentivize individuals to pursue careers in public service by offering loan forgiveness for those who work full-time for qualifying employers and make 120 qualifying monthly payments on their Direct Loans.

What information must be reported on public service loan forgiveness?

Borrowers must report information about their qualifying employer, payment history, and proof of full-time employment on the Public Service Loan Forgiveness application.

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