Public Service Loan Forgiveness (PSLF) Program
As a University of Texas at Austin employee, you may qualify for the Public Service Loan Forgiveness (PSLF) Program. PSLF is a federal program that forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
To qualify for PSLF you must:
- be employed by a U.S. federal, state, local, or tribal government or not-for-profit organization (federal service includes U.S. military service);
- University of Texas at Austin is a qualifying employer
- work full-time for that agency or organization;
- have Direct Loans (or consolidate other federal student loans into a Direct Loan);
- repay your loans under an income-driven repayment plan*; and
- make 120 qualifying payments.
*Under the limited PSLF waiver mentioned above, loan payments made under a different repayment plan may qualify. Learn more here.
On Oct. 6, 2021, the U.S. Department of Education (ED) announced a temporary period during which borrowers may receive credit for payments that previously did not qualify for PSLF or TEPSLF.
- PSLF Limited Waiver Announcement
- This limited PSLF waiver only applies to student loan borrowers who have Direct Loans or consolidate into the Direct Loan Program by October 31, 2022
Additional Resources
- PSLF Help Tool - use this tool to evaluate your eligibility for the program. You will be required to create an account at https://studentaid.gov/
- PSLF Program FAQs
- Employer Certification Form - complete Section 1: Borrower Information before submitting to the appropriate university or system office for employer certification of Sections 3 and 4. Certified forms will be returned to you and you will need to submit to FedLoan Servicing, the U.S. Department of Education’s federal loan servicer for the PSLF Program.
- HRSC: hrsc@austin.utexas.edu
Note the importance of completing this and other steps (such as consolidating loans) prior to October 31, 2022, to take advantage of the temporary expanded loan forgiveness.
