Employment Certification Form - Public Service Loan Forgiveness (Pslf) - Department Of Education Page 4
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6SECTION 7: WHERE TO SEND THE COMPLETED FORM
Return the completed form and any documentation to:
If you need help completing this form, call:
Mail to: U.S. Department of Education, FedLoan Servicing,
Domestic: 855-265-4038.
P.O. Box 69184, Harrisburg, PA 17106-9184.
International: 717-720-1985.
TTY: dial 711, then enter 800-699-2908.
Fax to: 717-720-1628.
Website:
.
Upload to: , if FedLoan
Servicing is already your servicer.
SECTION 8: IMPORTANT INFORMATION ABOUT PSLF
You may receive loan forgiveness under this program only
PAYMENT ELIGIBILITY (CONTINUED)
after you have made 120 qualifying payments (see
If you make a lump sum payment by using an
"Payment Eligibility") on eligible loans (see "Loan Eligibility"
AmeriCorps Segal Education Award or a Peace Corps
on page 5) while working full-time in qualifying
transition payment, or if a lump sum payment is made on
employment (see "Employment Eligibility" on page 5).
your behalf through a DOD student loan repayment
program, the Department will give you credit for qualifying
PAYMENT ELIGIBILITY
payments equal to the lesser of (1) the number of payments
To receive PSLF, you must make 120 on-time, full,
resulting after dividing the amount of the lump sum
scheduled, separate monthly payments on your Direct Loans
payment by the monthly payment amount you would have
under a qualifying repayment plan after October 1, 2007.
made under one of the qualifying repayment plans listed
On-time payments are those that are received by your
below; or (2) 12 payments.
servicer no later than 15 days after the scheduled payment
If you make an eligible lump sum payment using a Peace
due date.
Corps transition payment, you must do so within 6 months
Full payments are payments on your Direct Loan in an
of the Employment End Date, as reported in Section 3.
amount that equals or exceeds the amount you are required
You may only use an AmeriCorps Segal Education Award
to pay each month under your repayment schedule. If you
or Peace Corps transition payment one time to receive
make a payment that is less than what you are required to
credit for more than one qualifying payment towards PSLF.
pay for that month, that month's payment will not count as
However, lump sum payments made on your behalf under a
one of the required 120 qualifying payments. If you make
DOD student loan repayment program may be counted as
multiple, partial payments in a month and the total of those
up to 12 qualifying payments for each year that a lump sum
partial payments equals or exceeds the required full
payment is made.
monthly payment amount, those payments will count as
Your payments must be made under a qualifying
one qualifying payment.
repayment plan. Qualifying repayment plans include the
Scheduled payments are those that are made while you
REPAYE plan, the PAYE plan, the IBR plan, the ICR plan, the
are in repayment. They do not include payments made while
10-Year Standard Repayment plan, or any other Direct Loan
your loans are in an in-school or grace status, or in a
repayment plan, but only payments that are at least equal to
deferment or forbearance period.
the monthly payment amount that would be required under
You must make separate monthly payments. Except as
the10-Year Standard Repayment plan.
explained below, lump sum payments or payments you
Though repayment plans other than the REPAYE, PAYE,
make as advance payments for future months do not count
IBR, and ICR plans are qualifying repayment plans for PSLF,
as more than one qualifying payment. If you want to pay
you must enter REPAYE, PAYE, IBR, or ICR to have a
more than your scheduled monthly payment amount, follow
remaining balance to forgive after becoming eligible for
the instructions on your bill to let your servicer know that
PSLF. Otherwise, your loans will be fully repaid within 10
your payment is not intended to cover future installments.
years. To apply for these plans, visit StudentLoans.gov.
Otherwise, you may not receive credit for future qualifying
IMPORTANT: The Standard Repayment Plan for Direct
payments.
Consolidation Loans made on or after July 1, 2006 has
If you were an AmeriCorps or Peace Corps volunteer, you
repayment periods that range from 10 to 30 years. Monthly
may receive credit for making qualifying payments if you
payments you make under this plan are qualifying payments
make a lump sum payment by using all or part of a Segal
only if the repayment period is 10 years, which would be the
Education Award or Peace Corps transition payment.
case only if the total amount of the consolidation loan and
You may also receive credit for qualifying payments if a
your other eligible student loans is less than $7,500.
lump sum payment is made on your behalf through a
student loan repayment program administered by the U.S.
Department of Defense (DOD).
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