How do I apply for public service loan forgiveness?
Forms for canceling the remaining debt are not yet available, since the soonest any borrower would obtain public service loan forgiveness is 2017. It would be a good idea for borrowers to preserve documentation of their full-time employment in a public service job each year, in case it is necessary. • My state previously offered teacher loan forgiveness, but since then has reneged on this commitment. How certain is it that public service loan forgiveness will still exist ten years from now? Public service loan forgiveness is authorized by federal law (the College Cost Reduction and Access Act of 2007). While nothing prevents Congress from repealing this provision, it is highly unlikely that they would do so without either grandfathering in current students or replacing it with a similar benefit. • I’ve worked in a public service career for the past ten years. Can I get my federal student loans forgiven now? The ten-year clock for public service loan forgiveness starts on October 1, 200
