Public Service Loan Forgiveness (PSLF)

Public Service Loan Forgiveness (PSLF)

FOR EVERY PSLF APPLICANT If you decide to work in public service, you may be eligible for federal student loan forgiveness after 10 years

ACoTfIfOuNll-t1im: Reewqoureks. tThtheeinifnocrommateio-dnrbiveelonwreopuatlyinmesetnhtepqluaanlitfhyiantgocfofemrspyoonuenthtseolof wtheestPmSLoFnpthrolygrpaamym, aenndt.a timeline ThoisfaaccttiioonnctaonebneteirnPitSiaLtFedis oinnclliundeebdefoonrepayogue g5r6adouf athtee (EsdtuudceantitolonaDnes.bgtoMv)a. nFiangael rd. ocuments needed to complete entry into the plan cannot be submitted until approximately 90 days before the end of your grace period. Thus, before Action 1 is complete, one or more of the items below will also be completed.

Five steps to ensure eligibility for Public Service Loan Forgiveness

IF YOU SHtAepVE1:FRFEeqLuOeRst PaEqRuKaIlNifySinLgOrAeNpaSy*ment plan for your eligible loans (recertify annually).

ACTIONSt2e:pA2ft:eIrf sneepcaersastainryg, fcroonmsoslcidhaotoel,ealigpipblley FtFoELco, LnDsSo,liadnadtePeyrokuinrs FLFoEaLn/sPientrokiansDLiroecatnCso(sntsuodliednattliooannLso.gaonv.), indicateSytoeupr 3in:teSruebsmt iint aPnSLEFm, apnlodysmeelenctt CFedrtLifoicaantiSoenrvFiocirnmg (aEsCyFo) utor sFeerdvLicoear.n(DSeirrevcictinLoga(nressduobmnoittanneneudaltloy)b. e consolidSattedp;4th: eMyaakree 1e2li0gibqlueafliofyriPnSgLpFaaysmise.n) tYsowu hmilaeycaolmsopwletaintgteoliegsibtlaebwlioshrka. n online account with FedLoan ServicingStteoptr5a:ckUpyoounrccoomnspolelitdioantioonf arepqpuliicreamtioenn.ts, apply with FedLoan Servicing for the actual forgiveness.

NOTE: All qualifying payments made toward federal student loans will be lost if those loans are included in a

consolidCathioenc. kSoli,sctofnosorlidPautebilniceliSgeibrlevilocaensLobeafonreFmoragkiinvgePnSeLFssqualifying payments. If you want to experience

your full grace period and then consolidate, request processing to begin a month or two before grace is over

(so thatEpLaIGymIBeLnEtsLOarAeNn'St Odunley uthnetifloalflotewrinthgelocaonntsyopliedsaatrioenelhigaibsleb:een disbursed). Processing of a consolidation takes 30?60 days. Payments made toward the consolidation loan must be under a qualifying repayment plan--

see page? 4D7irefoctr Laolaisntso(Sfutbhseidsiez.ed and Unsubsidized)

? Direct Consolidation Loans

? Direct PLUS and parent PLUS Loans

? Other federal student loans* can be made eligible by

ACTION 3: When you begin full-time work in your residency progrinacmlu,dyinogutshheomuilnd asuDbiremctitCaonsEomlidpatlionymLoean.t**

Cert*ifiFcFaEtLioStnafFfoorrdm, G(rEaCdFP)LtUoS,FfeeddLeoraal ncoSnesorvlidicaitniogn.,APtertkhiinssp, oLDinSt,, aanlldyoceurrtaeixnisottinhgerDFiFrEeLctloLaonasns will be transferred

to Fe*d*LoMaonreSeinrfvoicrimngati(oifnthisealvoaailnabs laeraetns'ttuadlreenatdloyatnhse.greo)v.. (documents/repayment/fd/pslf-ecf.pdf)

NOTE: Defaulted loans, private loans, and any consolidation loan containing a spousal consolidation loan are not eligible. NOTE: Processing the ECF, including the transfer of loans, may take 30?45 days.

ACTIONQ4U:A**LIFWYoINrkGtPoAwYaMrEdNPTSSLWF bhyilemsiamkuilntagneyoouusrlyrweqourkiirnegdinpaayqmuaelinfytisngtopFuebdlicLosaernviScerpviocsinitgio.nI,t is highly recommyeonudmedustthamtaykoeu12u0seony-otiumreoannldinsechaecdcuoleudnpt awymitehnFtse*duLnodaenr aSeqruvailicfiyninggtroeptraaycmkepnatypmlaenn. ts and enroll in DirecTthDe efoblliotwtoinegnpsluarnes oqnu-atlimfy:e payments.

? Income-Based Repayment (IBR)

? Standard Repayment plan (or a repayment plan

IF YOU ?HAPaVyEAOs YNoLuYEaDrInR(EPCAYTEL)OANS

where the monthly amount paid is not less than the

ACTION?

2R:eWvisheednPayyoAusbYeoguinEafurnll-(tRimEPeAYwEo) rk

in

your

residency

monthly amount required progrRaempa,yymoeunsthpolaunld) submit

under the 10-year Standard an Employment

Certific?atIinocnomFeo-rCmon(tEinCgFe)nttoReFpeadymLoeantn(ISCeRr)vicing. At this point, all your existing Direct Loans will be transferred

to Fe*dLPoayamn eSnetrsvdicoinngo(tifhtahveeytoarbeencootnaselrceuatdivye,thaellroew).in(mg yfofer dchloaanng.eosrgin/deomcpulmoyeenrtssa/rnedppaeyrmioednsto/ffdn/posnlwf-oecrkf..pdf)

NOTE: Processing of the ECF, including the transfer of loans, may take 30?45 days. QUALIFYING WORK You must be employed full-time* for a total of 10 years in a public service position. For the

ACTIONw3o:r*k*toWboerckontosidwearerdd pPuSbLlFic bseyrvmicae,kyinougryeomuprloryeeqr umiruestdbpeaoynme eonf thsetofoFlleodwLionagn: Servicing. It is highly

recomm?enNdoendprtohfaitt tyaoxu-exeesmtapbt l5i0sh1(ca)n(3)oonrglianneizaatcioconu(innctluwdeitsh Fed?LoPuabnliSc eservrviiccienogrgtoantirzaactkiopna--yma epnritvsataend enroll

in Direct mDeanbyitmteodeicnasluscrehooonls-taimnderepsaidyemnecnytpsr.ograms)

organization providing a public service

? Federal, state, local, or tribal government organization, agency, or entity

Submit questions about eligible employers to FedLoan Servicing (). They are the servicer

? A branch of the military

that oversees PSLF.

* For more information on these loans, see the lenders section on page 5.

* Full-time work is considered to be 30 hours per week or the number of hours the employer considers to be full-time.

** Reminder: Each year, you will need to update your income and family size information with FedLoan

Servicing so they can accurately calculate future monthly payments. It is also recommended that you Tahnisncuhaelclkylistuibsma igteanneruapl gduaitdeedlinEemopnloy.yFmoremnotrCe einrftoirfmicaatitoinonabFoourtmelig(iEbCilitFy), vtiositFsetuddLeonatanidS.eedr.gvoicvi/pnugb.licservice or use the Department of Education's PSLF Help Tool, at pslfhelptool, to receive personalized guidance in your pursuit of PSLF.

/ FIRST ? 2018 /FIRST

? 2019 Association of American Medical Colleges. All rights reserved.

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