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You can potentially receive forgiveness under both the Teacher Loan Forgiveness Program and the Public Service Loan Forgiveness (PSLF) Program, but not for the same period of teaching service.
How to fill out PSLF form for teachers?
How to Fill Out the PSLF Form Provide Your Personal Information. The first section of the PSLF employment certification form asks for your personal information. Declare Your Reason for Submitting the Form. Ask Your Employers Authorized Official to Complete Next Sections. Submit the PSLF Employment Certification Form.
Where do I send the Teacher Loan Forgiveness application?
Complete the application (PDF) and return it via: File Upload: Using our File Upload tool located in your online account. Fax: (717) 720-1628. Mail: FedLoan Servicing. P.O. Box 69184. Harrisburg, PA 17106-9184.
What is the difference between teacher loan forgiveness and PSLF?
Forgiveness period: PSLF forgives your remaining balance after you have made 120 eligible payments or have paid over no less than 10 years on eligible direct loans while working full time for an eligible public service or nonprofit employer. TLF, though, has a forgiveness period of five years.
Do all teachers qualify for PSLF?
The specific job that you perform doesnt matter, as long as youre employed by a qualifying employer. For example, if youre a full-time employee of a public school system, your employment would meet the requirements for PSLF, regardless of your position (teacher, administrator, support staff, etc.).
Borrowers must meet several requirements, including enrolling in an income-driven repayment plan and making 120 monthly student loan payments. Apply for public service loan forgiveness: To apply for public service loan forgiveness, contact Aidvantage, your student loan servicer or the U.S. Department of Education.
Is there still loan forgiveness for teachers?
Teacher Loan Forgiveness (TLF) Forgives up to $17,500 of your Direct or FFEL Subsidized or Unsubsidized Loans after 5 complete and consecutive years of teaching at a qualifying school.
Can loan forgiveness be retroactive?
How to still get forgiveness. For the most part, folks who already paid off their loans will not receive any retroactive reimbursement.
How long does it take for student loans to be forgiven once approved?
This process can take at least 90 days, but it could take longer.
How long does it take to hear back about student loan forgiveness?
Top administration officials indicated that applications will be processed on a rolling basis through 2023, and they expected a four-to-six week turnaround time between when a borrower submits an application and when they receive student loan forgiveness.
Related links
Revision of the Teacher Loan Forgiveness Application and
Jan 29, 2019 The Office of Management and Budget (OMB) has approved revised versions of the Teacher Loan Forgiveness (TLF) Application and TLF Forbearance
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