What is Public Service Loan Forgiveness?
The Federal Government has a program specifically for people who work for nonprofit, government or public sector employers. The University of Pittsburgh is considered one of those employers. If you work for one of these employers, have Direct Loans, and make 120 monthly on-time payments, you may be eligible to have your remaining federal student loan debt forgiven tax-free through Public Service Loan Forgiveness (PSLF).
Entering into PSLF or another forgiveness program requires a commitment to see it through to the end. Switching to an income-driven repayment plan (required if you are working towards PSLF) may actually cause your student debt to increase over time, which can be problematic unless you get forgiveness at the end. If you know you will not be working full-time in a non-profit for 120 months, then forgiveness may not be the right path for you. Individuals may want to consult their personal tax or legal adviser before making any decisions regarding the status of their student loans.
Applying for Public Service Loan Forgiveness
Current Employees
We encourage current employees to utilize the free services offered through our partnership with TIAA and public benefit company Savi to provide current University faculty and staff assistance in navigating repayment plans and federal student loan programs, such as the PSLF program. If you would like to apply for PSLF through Savi, please visit our Student Loan Assistance page for guidance and directions. For current employees who do not wish to enroll in the free Savi Essential Service Benefit to complete their PSLF, please follow the steps outlined under the "Former Employees" section.
Former Employees
Former University employees, or those wishing to apply directly for PSLF without enrolling in Savi, will need to obtain employment verification documentation through the University's Office of Human Resources as part of the application process, using the following steps.
Questions?
For general questions about the Public Service Loan Forgiveness program, please visit the Federal Student Aid website.