TEPSLF Flashcards
Do you have to work FT NP for TEPSLF?
Yes
Can you be on standard repayment for TEPSLF
Yes
Can Perkins loans get TEPSLF
No
True or false? TEPSLF is now part of the standard PSLF application.
True
Can FFEL loans get TEPSLF
No
Is there an end date for TEPSLF?
Technically no but there is a limited pot of money
The last 12 payments on TEPSLF have to be what?
Made on an IDR plan or be at least as much as you would have paid under an income-driven repayment plan
Do you need to submit a EC for TEPSLF?
Yes
What plans qualify for TEPSLF?
Graduated Repayment Plan, Extended Repayment Plan, Consolidation Standard Repayment Plan, and Consolidation Graduated Repayment Plan
If loans are forgiven under TEPSLF will I have to pay income tax?
The (IRS) does not consider amounts forgiven under the PSLF Program and the TEPSLF opportunity to be income. That means you won’t have to pay federal income tax on your forgiveness amount
Are defaulted loans eligible for TEPSLF?
No, you have to be out of default and have direct loans.
How many qualifying payments do you need for TEPSLF?
120
Who approved TEPSLF?
Mohela
Are private loans eligible for TEPSLF?
No
Can I make my private loans federal to get TEPSLF?
No
