Public Service Loan Forgiveness
- The PSLF Program cancels the remaining balance – which includes balances of interest and principal – on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan.
OCCC Staff Can Qualify by:
- Working for a qualifying employer.
- OCCC is a qualifying employer.
- Other organizations may qualify as well.
- Working full-time at a qualifying employer.
- You may combine your hours from multiple qualifying employers.
- Part-time work at a qualifying employer.
- Hours earned towards repayment will be calculated on a pro-rated basis.
- Have Direct Loans or consolidate other federal student loans into a Direct Loan.
- Repay your loans under an income-driven repayment plan.
- Make 120 qualifying payments.
OCCC Faculty Qualifications:
Oregon Senate Bill 1572 states, for the purposes of public service loan forgiveness, a faculty member is considered full time at a community college or university if they, “engage in 30 or more full-time equivalent work hours per week, with each hour of lecture time or classroom time constituting 4.35 full-time work hours.”
If part-time faculty work less than 30 or more hours per week, their earned hours towards repayment will be calculated on a pro-rated basis.
OCCC’s Commitment to PSLF Eligible Employees
OCCC is committed to increasing awareness of the public service loan forgiveness program among all employees and increasing participation by eligible employees in the public service loan forgiveness program.
PSLF Contact and Submission
For general questions please reach out to joy.gutknecht@oregoncoast.edu.
When ready for submission, you can utilize the PSLF application (see “additional resources” below), to have page 2 of the form completed by OCCC as your employer. If a current employee, please email the form from your work email account to: joy.gutknecht@oregoncoast.edu. Please include in the subject line your Name, PSLF form, and date. Example: Waverly O’Shark, PSLF Form, 012791. This ensures we are able to identify each applicant. Forms will be emailed back to the work email account the request was received from.
You may also utilize the PSLF help tool (see “additional resources” below) which can provide digital signature and submission capabilities.
Paper forms (if email is unavailable) can be sent to:
Oregon Coast Community College
400 SE College Way
Newport, OR 97365
ATTN: Human Resources