Public Service Loan Forgiveness (Pslf) & Temporary Expanded Pslf (Tepslf) Certification & Application - William D. Ford Federal Direct Loan (Direct Loan) Program is a 6-page legal document that was released by the U.S. Department of Education - Federal Student Aid and used nation-wide.
Q: What is Public Service Loan Forgiveness (PSLF)?
A: PSLF is a federal program that forgives the remaining balance on eligible Direct Loans after you have made 120 qualifying monthly payments while working full-time for a qualifying employer.
Q: What is Temporary Expanded PSLF (TEPSLF)?
A: TEPSLF is a temporary program that provides additional loan forgiveness options for borrowers who were denied PSLF due to being on the wrong repayment plan.
Q: Who is eligible for PSLF?
A: To be eligible for PSLF, you must work full-time for a qualifying employer, have Direct Loans, be enrolled in an eligible repayment plan, and make 120 qualifying monthly payments.
Q: How does the PSLF certification and application process work?
A: To apply for PSLF, you need to complete the Employment Certification for Public Service Loan Forgiveness form and submit it to FedLoan Servicing. Once your eligibility is certified, you will need to continue submitting the form annually and maintain qualifying employment and loan payments.
Q: What is the William D. Ford Federal Direct Loan (Direct Loan) Program?
A: The Direct Loan Program is a federal student loan program that provides low-interest loans to students and parents to help pay for the cost of education. It includes multiple loan types, such as subsidized and unsubsidized loans.
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