Apply to Public Service Loan Forgiveness Waiver by Oct. 31

August 31, 2022

If you are a non-profit or government employee with federal direct student loan debt, you may be eligible to apply for the Public Service Loan Forgiveness (PSLF) voucher, available until October 31, 2022. 

This waiver gives qualified borrowers the unique opportunity to receive credit for past payments, even if they didn’t make previous payments on time, in full, or under the correct repayment plan. 

The PSLF Program forgives the remaining balance on a borrower's direct loans after they have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer. This voucher program provides borrowers assistance in meeting the 120 qualifying payments. 

According to the Department of Education’s Office of Federal Student Aid website, “Borrowers must be employed by a U.S. federal, state, local, or tribal government or not-for-profit organization. Federal service includes U.S. military service.”

If you are unsure if your employer qualifies, you can search for them using Student Aid’s Employer Search Tool.

Loans from the Federal Family Education Loan (FFEL) Program and the Federal Perkins Loan (Perkins Loan) Program are not eligible for the PSLF program. However, they may become eligible if you consolidate them into a Direct Consolidation Loan by the October 31 deadline.

To learn more about this opportunity and the Public Service Loan Forgiveness program, visit these resources below: