PSLF Application Guide

2024-05-15

# PSLF Application Guide

Public Service Loan Forgiveness (PSLF) can forgive your remaining student loan balance after 120 qualifying payments. Here's how to apply.

Step 1: Verify Eligibility

  • Direct Loans only (consolidate FFEL/Perkins if needed) - Full-time employment (30+ hours/week) - Government or 501(c)(3) nonprofit employer - 120 qualifying monthly payments

    • Step 2: Enroll in Qualifying Repayment Plan

    Must be in an income-driven repayment plan (SAVE, PAYE, IBR, ICR).

    Step 3: Submit Employment Certification

    Use the PSLF Help Tool to: - Certify your employment - Track qualifying payments - Ensure you're on the right track

    Submit this form annually and when changing employers.

    Step 4: Make 120 Qualifying Payments

  • Payments must be made in full and on time - Only payments after Oct 1, 2007 qualify - Must be made while employed full-time by qualifying employer

    • Step 5: Apply for Forgiveness

    After 120 payments, submit the PSLF application through your servicer or StudentAid.gov.

    IDR Account Adjustment

    Many borrowers received payment count adjustments in 2024. Check your payment count at StudentAid.gov.

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