Public Student Loan Forgiveness(PSLF) Do you have to signup?

I think you can back date with proof of payments, but contact someone on the website.

You will need to verify your income as well. My wife works for a non-profit hospital but we make too much money to even receive forgiveness. Based on our income we would fully pay off the her loans in the 10 yrs anyway.

The payment plans will review your income every year and adjust your payments accordingly.

Yes they denied me because they said some of the years I worked they claim didn't count, they couldn't explain why as the area was lower income...

I was able to get my loans forgiven, although I had to make about 11.5 years of payments instead of 10 because at one point they screwed up my payment amount and so I got a bill for $1100 instead of $100-ish, and paid the $1100 bill and didnt' have a payment then for most of the rest of the year. No payment = no credit because the law was written by people with a fourth grade education.

You don't have to certify payments each year but it's a good idea to do so. My advice would be to not do anything else prior to talking with some folks to make sure that your loans are the right ones; I have a buddy who consolidated 3 years in and had to restart because his loans weren't consolidated to the correct loan, so that's a real thing (at least it was, I think the government is getting more lenient with the types of loans that are being forgiven because there really wasn't a good reason to make one federal loan not applicable and one applicable).

It's a good program for folks who are working in public service; I graduated law school as they were passing this law and it convinced me to take a job at a non-profit where I could trade work life balance for less money but still be able to see a light at the end of the student loan tunnel. Good luck!

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You don't have to certify payments each year but it's a good idea to do so. My advice would be to not do anything else prior to talking with some folks to make sure that your loans are the right ones; I have a buddy who consolidated 3 years in and had to restart because his loans weren't consolidated to the correct loan, so that's a real thing (at least it was, I think the government is getting more lenient with the types of loans that are being forgiven because there really wasn't a good reason to make one federal loan not applicable and one applicable).

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This is the exact situation and why I said to call. Someone I know had 10-12 years of payments. They finally called to see about it, yup, wrong type of loans.

I guess the govt figured it out and that's why they had low participation and changed it recently.

We did discuss your point, and she would certainly make more over the 10 years not working for the state, enough to pay off the loans. However she enjoys working with foster/adoption and there just isn't money in that whether you work for the state or a private agency, so she is likely to work for either the state or a non-profit for the foreseeable future.

I never had any loans so this is all new to me, she has some public and some private, will PSLF only pay off public or will it pay off both?

I will need to get her loan info and call them next week, from what I read this period of time where everything is halted still counts towards payments.

Some food for thought

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New data released by the U.S. Department of Education shows that most borrowers who apply to a key student loan forgiveness program are denied relief.

The data shows that 98% of applications for Public Service Loan Forgiveness (PSLF) from November 9, 2020 to April 30, 2021 were rejected. Only two out of every hundred applicants were approved.

The Public Service Loan Forgiveness program is a popular program that allows certain federal student loan borrowers to get their student loans forgiven through extended public service employment. Although the program is often described as a 10-year program, PSLF technically requires 120 “qualifying payments.” Those payments don’t necessarily have to be made consecutively, but if they are, the total program length is 10 years.

While the PSLF program may appear fairly straightforward, its requirements are complicated, and the program has been plagued with problems for years. A qualifying PSLF payment must satisfy several eligibility criteria:

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Payments must be made on a Direct federal student loan. Not all federal student loans are issued under the Direct lending program.

Payments must be made under an income-driven repayment plan such as IBR, PAYE, or REPAYE. Payments made under the 10-year Standard plan also qualify, although this would repay the underlying federal loan in full within 10 years. Other repayment plans — such as Extended plans and Graduated plans — do not qualify.

The borrower must make on-time payments while working as a full-time employee for either a government agency or entity, or a 501(c)(3) nonprofit organization. Other nonprofits that are not 501(c)(3)s could qualify in certain limited circumstances, although the Dept. of Education makes case-by-case determinations.

The Public Service Loan Forgiveness program has long suffered from low approval rates. When student loan borrowers were first eligible to to apply for forgiveness under the program in late 2017, PSLF had an abysmal initial approval rate of only 1%. The latest statistics indicate that the program has seen minimal improvement since then.

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LINK