Are Federal Stafford Loans Eligible For PSLF – It is the PSLF form is an application form that you have to complete in order to qualify for the Public Service loan forgiveness program. The PSLF is a program that allows to get your loans repaid at the end of 10 years’ work. For you to qualify for this program, you must work full-time for an eligible employer, and you must make on-time 120 payments.
If you’re still not certain whether you are a qualifying employer, then here are some suggestions that meet the criteria:
-Your government employer
It is a 501(c)(3) non-profit organization
-An un-profit or public health care provider
-An AmeriCorps or Peace Corps volunteer service
When do I need to File For Are Federal Stafford Loans Eligible For PSLF?
You are eligible to apply for PSLF for those who have the qualifying loan and can make 120 qualifying monthly payments on that loan. It’s possible to apply for PSLF after having made just 10 qualifying payments, however you must apply before the end of the repayment period.
It is not necessary to declare PSLF before the commencement of your loan period. You have the option of waiting until you’ve paid 120 installments before filing for it.
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