Public Service Loan Forgiveness

What is Public Service Loan Forgiveness?

The Public Service Loan Forgiveness (PSLF) program is a federal initiative that forgives the remaining balance on qualifying federal direct loans after 120 qualifying monthly payments are made while working full-time for an eligible public service employer. As an Elon University employee, you may be eligible to participate in PSLF and work toward significant student loan forgiveness while serving the campus community.

Elon is a Qualified PSLF Employer

Elon University is recognized as a qualified public service employer under the PSLF program. Full-time employees who meet program requirements — including having eligible federal direct loans and making qualifying monthly payments — can pursue student loan forgiveness while working at Elon. Employees can submit employment certification forms using Elon’s information to track their progress toward forgiveness.

How to Get Started with PSLF

Participating in PSLF involves a few important steps to ensure you meet eligibility and stay on track. Here’s how to begin:

1. Step 1: Confirm you have eligible federal direct loans. (Other federal loans may need to be consolidated first.)
2. Step 2: Submit a PSLF employment certification Form to verify your employment at Elon University.
3. Step 3: Make 120 qualifying monthly payments under an income-driven repayment plan while working full-time at Elon or another qualified employer.
4. Step 4: After making 120 qualifying payments, submit the PSLF application for forgiveness.