HR Update
Paying off your student loans can be confusing and difficult, but University employee financial counseling vendor LSS Financial Counseling is here to help! Read on for information on the Public Service Loan Forgiveness (PSLF) program and LSS events to help you manage student loan debt.
About the Public Service Loan Forgiveness (PSLF) Program and Student Loan Counseling
What is the PSLF?
The PSLF program allows you to have the remaining balance of your student loans forgiven after you have made 120 qualifying monthly payments while working full time for a U.S. federal, state, local, or tribal government or not-for-profit organization. Find out more on this government website.
Am I eligible for the PSLF? What other options do I have?
Qualifying for the PSLF depends on what kind of loans you have. The temporary waiver allows more people to qualify for loan forgiveness.
LSS is offering several webinars specifically for University employees to learn about the PSLF and other federal student loan repayment options. Each webinar earns 200 Wellbeing Points and has a 300-person limit.
- PSLF: Practical Steps to Loan Forgiveness [first session], Tuesday, July 9, 10:30–11:30 a.m.
- Student Loan Repayment: Understanding Your Options With Federal Student Loans [first session], Thursday, July 11, 11:00 a.m.–noon
- Student Loan Repayment: Understanding Your Options With Federal Student Loans [second session], Tuesday, July 23, 12:30–1:30 p.m.
- PSLF: Practical Steps to Loan Forgiveness [second session], Wednesday, July 24, 11:00 a.m.–noon
If the session you’d like to attend is full, you can schedule an individual consultation with LSS to discuss your situation.
Who should I contact to get my PSLF form signed?
Send your form via email to ohr@umn.edu to request a signature for the employer verification section. Don't include your Social Security number on the form.
I have more questions. Who can I contact?
LSS Financial offers free financial counseling sessions for University employees, spouses, and dependents. You can schedule an appointment to discuss your specific situation. Learn more about this benefit.