Your PSLF application was denied now you are in search of other options. You can as well apply for Temporary Expanded Public Service Loan Forgiveness (TEPSLF). This is because some or all of your payments were not made on a qualifying repayment plan for PSLF. So I will be telling you what the TEPSLF program is all about, what it has to offer and how to go about the application.
What you will get to see here;
What is TEPSLF Program?
Congress passed the Consolidated Appropriations Act about a year ago to remedy some of the mess created by Congress in 2007 when they horribly designed the PSLF program. Under this bill, Congress created TEPSLF and set up a $350 million fund to help folks get forgiveness.
The TEPSLF program offers student loan forgiveness to public servants who were; previously denied forgiveness under the Public Service Loan Forgiveness (PSLF) program because they made payments under the wrong repayment plan.
The critical thing to note here is that you have to have submitted the Public Service Loan Forgiveness application and been denied debt relief.
PSLF application is different from the Public Service Loan Forgiveness Employment Certification form you submitted each year to show you had qualifying employment.
TEPSLF Program 2021 Requirements
TEPSLF forgives debt for borrowers who meet the following requirements:
- Have at least 10 years of full-time work experience for a qualifying non-profit or government employer.
- Had Direct federal student loans during this entire employment period.
- The most recent payment, as well as the payment 12 months prior, must have been at least what you would’ve paid under an income-driven plan.
- You must apply for PSLF, get denied, and then send an email to [email protected] saying you believe you qualify.
What is TEPSLF Qualifying Payment?
For the PSLF program, a qualifying payment is a timely payment under an income-driven repayment plan. Under TEPSLF, a qualifying payment is broader.
It includes, at a minimum, all payments that you made:
- After October 1, 2007 (this was when the PSLF program started).
- For the full payment amount due as shown on your bill (this includes; payments under the Graduated Repayment Plan, Extended Repayment Plan, Consolidation Standard Repayment Plan, and Consolidation Graduated Repayment Plan.)
- No later than 15 days after the due date
- While working full-time for a qualifying employer.
Basically, under TEPSLF any payments plan is a qualifying repayment plan so long as you were making the payments on time, for the amount due, and were repaying a Direct Loan.
1. Are FFEL loans eligible for TEPSLF?
The TEPSLF program only works for Direct Loans. So if your PSLF application was denied because you had the wrong type of federal student loan, TEPSLF wouldn’t help.
You’ll need to consolidate your Federal Family Education Loans into a Direct Consolidation loan and then make 120 monthly payments under a qualified loan repayment plan to get your federal loan balance forgiven.
2. What happens after I send my TEPSLF request email?
FedLoan Servicing will confirm that you previously submitted a PSLF application and had that application denied only because some or all of your payments were not made under a qualifying repayment plan for PSLF.
In addition, FedLoan Servicing will evaluate the other basic TEPSLF eligibility conditions that are checked upfront. You will then receive an email from [email protected] letting you know whether you can be considered for the TEPSLF opportunity.
3. How will I receive the results of my TEPSLF eligibility review?
After ED and FedLoan Servicing complete your TEPSLF eligibility review, you’ll receive an email from [email protected]. This notice will inform you of the results: loan forgiveness approval, loan forgiveness denial, or the need for you to submit additional information.
The communication you receive from FedLoan Servicing notifying you of the review results will explain your status, provide you with information about next steps, and let you know how to contact FedLoan Servicing if you have questions.
4. How long does it take to approve TEPSLF requests?
There’s no formal timeline for approval.
5. Is TEPSLF really working?
The sincere truth is that it’s not really working. I will state my reasons. Over 38 thousand student loan borrowers have submitted an application for forgiveness. Of those, less than 300 have gotten their student debt forgiven.
The reasons for the denials include;
- Failing to submit income information
- Making less than 120 monthly payments
- Not previously being denied under the PSLF program
Getting relief under the TEPSLF program should be relatively straight-forward. You simply need to show you made at least 10 years of payments while working full-time in the public sector.
FedLoan Servicing may, however, follow-up with a request for additional information. If that happens, don’t sweat. Just get FedLoan the information they’re requesting. Remember, you have one goal: federal student loan cancellation.
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