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Tuesday, January 31, 2012

Exciting Announcement from Equal Justice Works

Below is an announcement from Equal Justice Works about Public Service Loan Forgiveness:

We are pleased to announce that the Department of Education has released an Employment Certification for Public Service Loan Forgiveness form to assist borrowers in tracking their qualifying employment and qualifying payments as they work toward earning loan forgiveness.

After borrowers submit the form, they will be notified whether their employment qualifies, the total number of qualifying payments they have made and how many payments still need to be made before they qualify for Public Service Loan Forgiveness. This will be a tremendous help for borrowers in documenting the 120 qualifying monthly payments (at least 10 years worth) they need to earn forgiveness. It also will provide them with some certainty that their employment qualifies.

Go here to find out more about Public Service Loan Forgiveness and the certification process set up by the Department of Education, and to download a copy of the form, instructions and a “dear borrower” letter.