If your PSLF application was denied, alternatively you can apply for Temporary Expanded Public Service Loan Forgiveness (TEPSLF). If that’s something that might interest you, here’s all you need to know about the TEPSLF program. Read down!
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 differs from the Public Service Loan Forgiveness Employment Certification form you submit each year to show you had qualifying employment.
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TEPSLF Program 2023 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 and 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.
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The Bottom Line
Getting relief under the TEPSLF program should be relatively straightforward. 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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