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NEW MEXICO HIGHER EDUCATION DEPARTMENT Public Service Law Loan Repayment Assistance Program (LAP) 20212022 APPLICATION The New Mexico Public Service Law Loan Repayment Assistance Program (LAP) provides
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How to fill out public service loan forgiveness

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How to fill out public service loan forgiveness

01
Make sure you have a qualifying federal student loan.
02
Work full-time for a qualifying employer.
03
Submit the Public Service Loan Forgiveness (PSLF) application form.
04
Continue making qualifying payments while working for a qualifying employer.
05
After making 120 qualifying payments, submit the PSLF application to have the remaining balance forgiven.

Who needs public service loan forgiveness?

01
Public service loan forgiveness is typically beneficial for individuals with federal student loans who work in public service or non-profit organizations.
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Public Service Loan Forgiveness is a program that forgives the remaining balance on federal Direct Loans after making 120 qualifying payments while working full-time for a qualifying employer.
Individuals who work full-time for a qualifying employer and make qualifying payments on their federal Direct Loans may be eligible to file for Public Service Loan Forgiveness.
To fill out Public Service Loan Forgiveness, individuals must submit the Employment Certification Form annually to confirm qualifying employment and payments made.
The purpose of Public Service Loan Forgiveness is to encourage individuals to pursue careers in public service by offering loan forgiveness after meeting certain eligibility requirements.
Information such as qualifying employment status, number of qualifying payments made, and loan details must be reported on Public Service Loan Forgiveness applications.
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Relevant keywords

2021 2022 New_Mexico servicer nmhed icr ibr lrap nm aidstate redact underserved legibly evfs evf lenders indebtedness disbursement defaulted taxable lender consolidation repayment emailed eligibility recipients legislative taxation photocopy certification

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