Public Service Loan Forgiveness (PSLF) – Office of Student Financial Aid – UW-Madison

  • Any loan received under the William D. Ford Federal Direct Loan Program (Direct Loan)
  • Borrowers can consolidate other federal loans (FFEL and/or Perkins) in the direct lending program in order to qualify

Review your federal loan types by logging on to StudentAid.gov. Look for “Direct” or “FFEL” or “Perkins” in the loan name to identify loans that qualify and/or will need to be consolidated to qualify.

Private student loans from private lenders are not eligible for PSLF and private loans cannot be consolidated into a direct federal loan. To find out about the options available for your private loans, you will need to consult the lender who holds your private loan.

Payments must be made:

  • After October 1, 2007
  • For the total amount due as shown on the invoice
  • No later than 15 days after the due date
  • While employed full time by a employer

120 monthly payments are required.

  • Only payments made on an eligible repayment plan count
  • Lump sum payments are allowed
    • Can only be dialed up to one year at a time
  • Months spent in current payment suspension (COVID forbearance) count as eligible payments as long as employment and loan conditions are met

Borrowers whose loans are paid by AmeriCorps, Peace Corps, or the U.S. Department of Defense have special rules that allow those payments to count toward this discount

If you believe you have already successfully made 120 or more PSLF-eligible payments, you should still request a rebate using the PSLF Help Tool.

  • Standard repayment over 10 years
  • All Income Contingent Repayment (IDR) Plans:
    Monthly payments determined by income and family size. Payouts capped at 10-15% of Discretionary Income for most plans. Remaining balance forgiven after 20-25 years (for non-PSLF participation)
    • Income Based Reimbursement (IBR)
    • Income Contingent Reimbursement (ICR)
    • Pay as you earn (PAYE)
    • Pay As You Earn Review

Borrowers must work full time to qualify.

  • Must meet your employer’s definition of full-time or work 30 hours per week, whichever is greater.
  • If employed in more than one qualification part-time work at the same time, you will be considered full-time if you work in average of at least 30 hours per week.

This is not your specific job title; it’s about who your employer is.

  • Federal, state, local or tribal government
  • Non-profit organization that is tax-exempt under section 501(c)(3) of the Internal recipe code
  • AmeriCorps or Peace Corps
  • Private non-profit organizations that provide at least one of the following public services:
    • Emergency management
    • Military service
    • public safety
    • Law enforcement
    • Public interest law services
    • early childhood education
    • For people with disabilities and the elderly
    • Public health
    • Public education
    • Public library services
    • School library or other school services

1099/Independent contractors are not eligible for the PSLF.

Use Federal Student Aid’s PSLF Help Tool to determine if you work for an eligible employer – make sure you have your employer’s EIN (Employer Identification Number).