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Return the completed form and any documentation to: Mail to: U.S. Department of Education, MOHELA, 633 Spirit Drive, Chesterfield, MO 63005-1243. Fax to: 866-222-7060.
Term. Depending on the payment plan selected, your forgiveness with PSLF would be up to $24,150.
After 25 years on the program, any remaining debt is forgiven. People with loans in default cannot be in the program. However, people can get their loans out of default by making a number of reasonable payments. Once the loan is out of default, offset of benefits should stop.
Your employer can tell you if it is a not-for-profit organization and what its tax status is. You can also visit our PSLF Help Tool, which will help you determine if an employer is considered a qualifying employer under the PSLF Program.
After you make your 120th qualifying monthly payment for PSLF, youll need to submit the PSLF form to receive loan forgiveness. You must be working for a qualifying employer at the time you submit the PSLF form and at the time the remaining balance on your loan is forgiven.
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People also ask

If your PSLF form is approved for forgiveness, then youll be notified that the entire remaining balance of your eligible Direct Loans will be forgiven, including all outstanding interest and principal.
The answer: Yes! However, there are very specific eligibility requirements you must meet to qualify for loan forgiveness or receive help with repayment. Loan forgiveness means you dont have to pay back some or all of your loan.
To be considered for the limited PSLF waiver, you must have a Direct Loan. If you dont, you have until Oct. 31, 2022, to consolidate your loans into a Direct Loan. Consolidation is when any or all of your federal student loans are combined, giving you one monthly payment.
Once you submit the PSLF form, PSLF servicer FedLoan will review it to ensure that its complete and to determine whether your loans and employment qualify for the PSLF Program. If we verify that your employment qualifies, we will then review your payment history.
Borrowers must have earned less than $125,000 in income, or $250,000 if married, in either 2020 or 2021 to qualify. More information can be found here.

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