Boston Student Loan Lawyer

Law Office of Adam S. Minsky

  • Home
  • Services
  • About
  • Publications & Press
  • Testimonials
  • Speaking & Trainings
  • Contact
  • Blog

Fantastic News for Borrowers Seeking Public Service Loan Forgiveness

February 7, 2012 | Adam S. Minsky, Esq. Loan Forgiveness

Share the post "Fantastic News for Borrowers Seeking Public Service Loan Forgiveness"

  • Facebook
  • Twitter

Public Service Loan Forgiveness (PSLF) is one of the best-kept secrets of federal student loans. This program provides for complete forgiveness of remaining federal student loan debt after 10 years of qualifying payments (payments applied to Direct federal loans under the IBR, ICR, or Standard repayment plans) if you work for any level of government or a 501(c)(3) non-profit organization. It is a *huge* incentive for borrowers with high student loan debt burdens to enter public service.

One of the problems with this program, however, was that there was no way for borrowers to officially keep track of their public service employment (the program does not require 10 consecutive years of public service- just 10 years in total). Since the earliest any borrower will be eligible for forgiveness is around the year 2017, we were all left wondering how borrowers were going to prove that they actually worked in public service.

Well, great news. The Department of Education has just released three brand-new forms to help borrowers apply for PSLF. A big thank-you to my friend and colleague, Heather Jarvis, for posting these forms on her website. Here are the three forms:

  1. Letter to Borrowers explaining the process
  2. Employment Certification Form
  3. Instructions for completing the Certification Form

One of the exciting things about the Employment Certification form is you do not need to wait until the end of the 10-year period to send this in. You can complete and send in the form as you complete your public service work, and the Department of Education will keep it on file. I recommend you send this in once each year if you’re working in a public service job, and also whenever you change to a different public service job. Be sure to make a copy of the completed form for your own records (the Department of Education is notorious for “not receiving” things).

Share the post "Fantastic News for Borrowers Seeking Public Service Loan Forgiveness"

  • Facebook
  • Twitter

Loan Forgiveness

About Adam S. Minsky, Esq.

Adam S. Minsky founded the first law office in Massachusetts devoted entirely to assisting student loan borrowers, and he is one of the only attorneys in the country practicing in this area of law. He provides counsel, legal assistance, and direct advocacy for borrowers on a variety of student loan-related matters. He regularly speaks to students, graduates, and advocates about the latest developments in higher education financing.

Books by Adam S. Minsky

The Student Loan Handbook for Law Students and Attorneys

The Student Loan Handbook for Law Students and Attorneys

Student Loan Debt 101

Student Loan Debt 101: The Definitive Guide to Understanding and Managing Your Student Loans

Student Loans for Parents and Cosigners

The Student Loan Guide for Parents and Cosigners

617-936-2788
asminsky@minsky-law.com
By Appointment Only 265 Franklin Street, Suite 1702
Boston, MA 02110

Copyright © 2023 Adam S. Minsky · DISCLAIMER: This website may be considered advertising under Massachusetts Supreme Judicial Court Rules. The content of this website is for informational purposes and should not be considered legal advice. This web page does not establish an attorney-client relationship. Terms of Use

Copyright © 2023 · MinskyLaw on Genesis Framework · WordPress · Log in