The official PSLF application is here (released Friday, September 1, 2017)!
It may seem surreal to some who have waited at least 10 years for this moment, but the application is here and will allow student borrowers to see the magic of loan forgiveness for the first time ever. The lucky and hard-working first batch of student borrowers will be those who began their qualifying monthly payment is after Oct. 1, 2007, since that will put them at exactly 10 years next month.
What does the application look like? Well, it’s almost identical to the Employment Certification Form, in terms of the employer filling out most of the form with the hours, employment dates, name of organization, and other specifics. The main difference is the little paragraph on the first page (section 2):
I request (1) that the U.S. Department of Education (the Department) forgive the remaining balance of my Direct Loans and (2) if I submit employment certification covering 10 years of qualifying employment after October 1, 2007, a forbearance on my Direct Loans while the Department determines my eligibility for forgiveness, unless I indicate otherwise below.
What a wonderfully freeing request!
Have questions? Take a look at the new Q&A’s from the Department of Education.
If you have submitted the PSLF application, please let us know! We would love to write about your experience.