IU is a qualifying institution for the federal Public Service Loan Forgiveness Program, according to a press release.
The Public Service Loan Forgiveness Program forgives the federal student loans of employees of government or nonprofit organizations after 120 payments.
Full-time employees at IU or other qualifying institutions who have federal direct loans are eligible for the program. Employees must also have made 120 qualifying payments through an income driven repayment plan to qualify.
Last year, the U.S. Department of Education announced changes that expanded the definition of a qualifying payment and allowed other federal loans to be forgiven by consolidating them in a Federal Direct Loan. They also created a limited time waiver in response to the pandemic which allows individuals to receive credit for past non-qualifying payments.
To confirm eligibility and begin the process of signing up for the program, employees can use the PSLF Help Tool.
Current employees can send their forms to iuvoe@iu.edu through Slashtmp. Former employees can request a Slashtmp upload invitation by emailing iuvoe@iu.edu.
