Public Service Loan Forgiveness (Pslf): Employment Certification Form (Page 8 of 10) in pdf

SECTION 7: WHERE TO SEND THE COMPLETED FORM

Return the completed form to:

If you need help completing this form, call:

855-265-4038

If you are calling internationally, call: 717-720-1985

U.S. Department of Education

If you use a telecommunication device for the hearing or

FedLoan Servicing

Fax to: 717-720-1628

speach impaired: (TTY), dial: 711 and enter 800-699-2908

P.O. Box 69184

when prompted.

Harrisburg, PA 17106-9184

Web site:

SECTION 8: IMPORTANT INFORMATION ABOUT PSLF

Education Award or Peace Corps transition payment. The

You may obtain loan forgiveness under this program if:

Department will consider the lump sum payment you have

You make 120 qualifying payments (see “Payment

made as the equivalent of qualifying payments equal to the

Eligibility”);

lesser of (1) the number of payments resulting after

On eligible loans (see “Loan Eligibility”);

dividing the amount of the lump sum payment by the

While working in qualifying employment (see

monthly payment amount you would have made under

“Employment Eligibility”).

one of the qualifying repayment plans listed below; or (2)

12 payments.

Payment Eligibility

Peace Corps volunteers making an eligible lump sum

To receive PSLF, you must make 120 on-time, full,

payment must do so within 6 months of the Employment

scheduled, separate monthly payments on your Direct

End Date, as reported in Section 3.

Loans under a qualifying repayment plan after October 1,

2007.

Your payments must be made under a qualifying

repayment plan. Qualifying repayment plans include:

On-time payments are those that are received by the

Department no later than 15 days after the scheduled

The Income-Based Repayment (IBR) Plan;

payment due date.

The Pay As You Earn Repayment Plan;

The Income Contingent Repayment (ICR) Plan;

Full payments are payments on your Direct Loan in an

The 10-Year Standard Repayment Plan; or

amount that equals or exceeds the amount you are

Any other Direct Loan repayment plan, but only

required to pay each month under your repayment

payments that are at least equal to the monthly

schedule. If you make a payment that is less than what you

payment amount that would be required under the

are required to pay for that month, that month's payment

10-Year Standard Repayment Plan.

will not count as one of the required 120 qualifying

payments. If you make multiple, partial payments in a

Though repayment plans other than the IBR, Pay As You

month and the total of those partial payments equals or

Earn, and ICR Plan are qualifying repayment plans for PSLF,

exceeds the required full monthly payment amount, those

you must enter IBR, Pay As You Earn, or ICR to have a

payments will count as one qualifying payment.

remaining balance to forgive after becoming eligible for

PSLF. Otherwise, your loans will be fully repaid within 10

Scheduled payments are those that are made while you are

years. To apply for these plans, visit StudentLoans.gov.

in repayment. They do not include payments made while

your loans are in an in-school or grace status, in a

IMPORTANT: The Standard Repayment Plan for Direct

deferment or forbearance period, or if your loan is “paid

Consolidation Loans made on or after July 1, 2006 have

ahead” because you have made prepayment.

repayment periods of different lengths. Monthly payments

you make under the Standard Repayment Plan on such

You must make separate monthly payments. Lump sum

Direct Consolidation Loans are only qualifying payments if

payments or payments you make as advance payments for

the loans have a 10-year repayment period (which would

future months do not count as more than one qualifying

only occur if your total education indebtedness is less than

payment. If you wish to make a payment in excess of your

$7,500).

scheduled monthly payment, follow the instructions on

your bill for providing payment instructions, and notate

Loan Eligibility

that your payment is not intended to cover future

Only Direct Loan Program loans that are not in default are

installments. Otherwise, your excess payment may affect

eligible for PSLF. Loans you received under the Federal

your ability to make future qualifying payments.

Family Education Loan (FFEL) Program, the Federal Perkins

If you were an AmeriCorps or Peace Corps volunteer, you

Loan (Perkins Loan) Program, or any other student loan

may receive credit for making qualifying payments if you

program are not eligible for PSLF.

make a lump sum payment by using all or part of a Segal

Page 4 of 6

Public Service Loan Forgiveness (Pslf): Employment Certification Form Page 8

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