Is Boise State University a qualifying employer for the PSLF?
Yes, as a public service employer, Boise State qualifies.
What kind of employment status qualifies me for the PSLF?
You must either be a full-time employee or a part-time employee that reaches the PSLF’s 30-hour per week requirement.
How do I know if I have a qualifying loan?
A qualifying loan is a Direct Loan. Log-in to My Federal Student Aid to determine in which programs you have loans. If you see “Direct” in the name, it’s a Direct. If it does not contain that verbiage, it is not.
What if I don’t have a Direct Loan?
If you don’t have a Direct Loan, you can consolidate your federal student loans into a Direct Consolidation Loan and still qualify for the PSLF. When consolidating, be sure to apply for an income-driven repayment plan because it’s rare for a Standard Repayment Plan for Direct Consolidation Loans to qualify.
How do I know if I have a qualifying repayment plan?
How many qualifying payments do I need to make?
Typically, you need to make 120 qualifying payments, which includes making the payment due date (or up to 15 days later). However, with the new waiver from the PSLF, there are less restrictions about deferred and late payments. This waiver period will end on October 31, 2022.
How often do I need to apply?
We recommend you apply once per year or whenever you change jobs. This limits the amount of forms needed when you are ready to apply for loan forgiveness.
Do I turn in my application or does Boise State HR turn in the application?
Forms are completed in partnership with your employer. You will need to submit a form to the U.S. Department of Education (see address above) and Boise State’s HR verification team will also submit a copy of the form to the U.S. Department of Education.
Is the PSLF tax-free?
Yes, the PSLF loan forgiveness is tax-free.
Contact Boise State’s HR verification team at firstname.lastname@example.org.