Home > Uncategorized > Department of Education Prepares to Verify Qualifying Public Service Employment!

Department of Education Prepares to Verify Qualifying Public Service Employment!

Happy Day!  The Department of Education today published in the Federal Register an Employment Certification for Public Service Loan Forgiveness form.

And the Department of Education will verify that employers qualify as public service organizations!  Fantastic!  We’ve been trying to get his to happen since the day the College Cost Reduction and Access Act passed, more than 4 years ago.

There’s more!  The Department of Education will review the forms that are submitted, will verify qualifying employment AND will notify borrowers in writing of the number of qualifying payments made and the remaining number of qualifying payments for public service loan forgiveness.

No need to start filling out forms just yet, y’all.  There is a 90-day period of public comment on this bad boy before it becomes final.  My comments will be “good job” and “thanks so much.”

I’ll probably just bite my tongue on the whole “it’s about time” part.

Stand by for more from me on when and how to use this new process.

  1. Nicole
    April 16, 2011 at 12:43 am

    I understand to qualify for public service loan forgiveness you have to make 120 on time payments on the right type of loan while working the right type of job. Can you make more than one payment per month and therefore shorten the 10 years worth of payments to like 5 years? Also, if you do this, can you still pay via the income based repayment plan?

    Thanks!

    • April 16, 2011 at 12:27 pm

      Nope. You can only get credit for one payment per month towards the 120. If you want to send extra payments you can, but they won’t count towards forgiveness.

  2. Maureen Olives
    April 19, 2011 at 2:47 pm

    Wow, great news! Glad I stopped by your blog this morning.

  1. No trackbacks yet.

Leave a comment