RISLA is a non-profit, private student loan lender. Private education loans are not eligible for federal student loan forgiveness.
Public Student Loan Forgiveness (PSLF)
A Federal Student Loan Program.
How to qualify for PSLF
If you work for a government or not-for-profit organization, you may qualify for the PSLF Program, which forgives the remaining balance on your Direct Loans.
- After making 120 qualifying monthly payments under an accepted repayment plan.
- While working full-time for an eligible employer.
How to Apply for PSLF
To be eligible for PSLF, submit a PSLF form, which can be done using the PSLF Help Tool for convenience.
PLSF HELP TOOL
Employer Database
Check to see if your employer is in the federal eligible employers database.
Request a Review
Request a review of your employer’s eligibility if it's not in the federal eligible employers database or hasn't been determined yet.
Certify & Sign
Complete and sign your PSLF form and then have your employer sign it to certify your employment.
Submit
Electronically submit your form for processing.
Requirements to Qualifying for PSLF
Qualifying Repayment Plans
Income-Driven Repayment (IDR) Plans
Save Plan
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The Saving on a Valuable Education (SAVE) Plan — UPDATE
Pay As You Earn (PAYE) Repayment Plan
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The Pay As You Earn (PAYE) Repayment Plan is a monthly payment generally equal to 10% of your discretionary income divided by 12, but never more than the 10-year Standard Repayment amount.
Income-Based Repayment (IBR) Plan
- The Income-Based Repayment (IBR) Plan is a monthly payment generally equal to 15% (10% if you are a new borrower on or after July 1, 2014) of your discretionary income, divided by 12.
Income-Contingent Repayment (ICR) Plan
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The Income-Contingent Repayment (ICR) Plan consists of monthly payments that are calculated as the lesser of two options: (1) the amount you would pay on a repayment plan with a fixed monthly payment over 12 years, adjusted based on your income, or (2) 20% of your discretionary income, divided by 12.
Plans that Do Not Qualify
Standard Repayment Plan for Direct Consolidation Loans
- The Standard Repayment Plan is the basic repayment plan for loans from the William D. Ford Federal Direct Loan (Direct Loan) Program and Federal Family Education Loan (FFEL) Program. Payments are fixed and made for up to 10 years (between 10 and 30 years for consolidation loans).
Graduated Repayment Plan
- The Graduated Repayment Plan starts with lower payments that increase every two years.
- Payments are made for up to 10 years (between 10 and 30 years for consolidation loans).
Extended Repayment Plan
- The Extended Repayment Plan allows you to repay your loans over an extended period of time.
- Payments are made for up to 25 years.
PSLF Process
Is for individuals employed in public service, including federal, state, tribal, or local government or a non-profit organization.
Here are some reminders when preparing your PSLF application.
Make 120 qualifying monthly payments.
Work for a qualifying employer when you submit your form for forgiveness.
Complete and submit the PSLF form each year or whenever you change employers.
Log in to StudentAid.gov and visit My Aid in your Dashboard to see your PSLF progress.
After you make a total of 120 qualifying payments, you will receive confirmation of your eligibility and work with your servicer to forgive the remaining balance.
How to Submit the PSLF Form
PSLF Form
Digital Signatures
Step by step instructions to digitally sign your PSLF Form.
PSLF Form
Manual PSLF
Manually complete the PSLF form by downloading and printing the form.