Ask them to contact their lender to see if your federal loans are eligible for an income-driven repayment plan. Encourage them to research PSLF if that makes sense for your specific situation and refer them to https://studentaid.ed.gov/sites/default/files/peace-corps-and-loan-repayment_1.pdf and http://files.consumerfinance.gov/f/201409_cfpb_pslf_guide_peace-corps.pdf
Ask them to contact their lender to see if your loans are eligible for deferment.
Share information about the partial Perkins loan cancellation benefit.
Let them know they can sign up to have payments made from your Readjustment Allowance once they swear in as a Volunteer (after 3 months of pre-service training). They can sign up to do this “allotment” of up to 75% of your Readjustment Allowance ($243.75 as of 10/1/14) through post. The PCV or their POA need to make sure all the information is correct and the payments are going through properly.
All of the above.
True. PSLF works for all federal loans.
False. Only loans you have received under the Direct Loan Program are directly eligible for PSLF. Other federal loans may qualify if consolidated. You need to call FedLoan Servicing (855) 265-4038 to see if and how may you qualify.
Pay As You Earn
All of the above are qualifying repayment plans
Yes. PSLF is good for everyone.
Probably not since PSLF is only for those who plan on going on to public service.
None of the above
Yes, most likely.
No, probably not.
True. Signing up for PSLF and a qualifying repayment plan at the VERY beginning of your service could mean all 27 of your payments could count.
False. It doesn’t matter when you sign up.
Yes, it is too late. You must sign up at the beginning or during your service.
No, it is not too late. You can use a portion of your Readjustment Allowance after completing your service to make a lump-sum loan repayment for it to count towards PSLF.
Yes, and you should.
No, you cannot do both.
True. Invitees can request paperwork directly from HQ.
False. Invitees have to wait until their staging event to get proof of their service and earnings.