PSLF program info: They must be the correct type of loan (direct federal), they must be serviced by approved loan service providers (like FedLoan), you must be enrolled in an income-driven repayment plan (there are multiple to choose from), you must certify your income and then re-certify every year, you must work for a qualifying 501(c)3 non profit OR a government organization. You are not required to certify employment every year but it is highly recommended because that way you know those payments qualify. You must make all of your (120) payments during those ten years ON TIME. If you work for a qualifying employer for four years, find a non-qualifying job for a year, then go back to working for a qualifying employer, you can still count those first four years. Once you do all of this successfully for ten years, you have to apply for the actual forgiveness. You can opt to continue making payments while they review your applications or to not make payments. If your application is approved, the payments made during the time they were reviewing your application will be refunded. The current approval rating is low because the rules were not at all clear when this program began. Many people did not have everything exactly right and everything must be exactly right. Rates have gone up as rules have been made clearer so the outlook for this program is promising - as long as Trump and Devos don't ruin it. I have six years left until I can apply for forgiveness through PSLF you all. I have checked, rechecked, and checked again these rules and I save ALL the documents I get regarding this program. I feel certain I have done everything correctly but I'm still terrified I won't qualify somehow. Which would really suck because, with income driven repayment, I'm barely or not even covering the interest. This is such an amazing opportunity for some people but be careful and stay on top of it! Wishing all my fellow PSLF program people luck!
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