Commonly asked questions about student loans
Update November 3, 2022: The deadline to submit the limited PSLF waiver was October 31, 2022 and is now closed.
Navigating student loans can be a challenge. But there is good news. As an actively serving AmeriCorps member, you qualify for special consideration of your loans. As alumni you have earned eligibility towards the public service loan forgiveness program. Although we cannot provide guidance or information for individual circumstances, we are pleased to share resources that may help you find answers to commonly asked questions.
What should I do with my student loans during my year of service with Â鶹ÊÓƵ?
AmeriCorps members can request student loan forbearance during their service year. while serving. At the end of service, AmeriCorps members can request repayment for interest accrued during the year by the National Service Trust. All requests must be submitted through the .
Considering a career in public service? Another option AmeriCorps members can opt into is an (IDR).
What do I do with my student loans after Â鶹ÊÓƵ?
Not sure what your next steps are after serving with Â鶹ÊÓƵ? Check out the Department of Education’s guide on . Be sure to start preparing as early as possible as you may need to gather relevant paperwork or prepare a budget.
Am I eligible for the Public Service Loan Forgiveness Program?
The forgives the remaining balance of Direct Loans after 120 payments have been made. It is possible that serving as a full-time AmeriCorps member can count as qualifying employment; however, this status will vary based on individual circumstances.
How do I certify my employment?
Download and fill out the PSLF . To get your form verified by Â鶹ÊÓƵ, email the request to Darcy Morgan and a member of the Â鶹ÊÓƵ payroll team will process your request. Do not write down your social security number on the form as this can be a security risk to you. Be sure to go back and complete the form prior to final submission.
Due to the volume of requests, please reach out ahead of time to have your form certified.
Have questions about your student loans?
There are on StudentAid.gov that may be able to assist you depending on your questions and needs. You are also welcome to contact Â鶹ÊÓƵ with any questions:
Related stories
Â鶹ÊÓƵ Philadelphia alum Anthony Copeman, a certified financial educator who focuses on helping millennials manage their financial health, grew...
Read more about Financial success on a stipendThis story first ran in 2023 and has been updated. A recently issued report from the Partnership for Student Success...
Read more about Learn about a partnership to support studentsWhen you’re living on an AmeriCorps stipend, every penny counts. To help you make the most of your bi-weekly stipend,...
Read more about Four ways to stretch your AmeriCorps stipendJazz Solomon, Â鶹ÊÓƵ Orlando ’24, served as an AmeriCorps member for two years, the second as a team leader,...
Read more about Recent Â鶹ÊÓƵ Alum Aspires to Support Foster Youth
