This is an update of our February blog post.
On January 31 the Department of Education released its Employment Certification for Public Service Loan Forgiveness forms www.studentaid.ed.gov/publicservice and a Dear Borrower Letter. Please read the PSLF Fact Sheet, the Q&A and instructions very carefully before submitting your Employment Certification for PSLF.
The employment verification process is a must for all borrowers, who are enrolled, or at some point anticipate enrolling in IBR, and plan to utilize the Public Service Loan Forgiveness Program (PSLF). To read more about IBR and PSLF please go to IBRinfo.org.
To start the verification process you need to submit the employment certification forms completed and signed by your employer, either at the end of a calendar year during which you were employed by a PSLF qualifying employer, or at the end of such an employment.
The PSLF is a federal program that works in conjunction with the Income Based Repayment (IBR) option and is independent of the LRAP.
If you are enrolled in IBR and work in public service you may want to submit a PSLF employment verification form at your earliest convenience. Once it is determined that your position qualifies for PSLF, your loans will be transferred to MyFedLoans.org. As a side note, several graduates have mentioned MyFedLoans’ excellent customer service.