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Do payments made while serving in a full-time AmeriCorps position count towards PSLF?

Published 12/20/2010 05:38 PM   |    Updated 09/28/2020 08:54 AM
Do payments made while serving in a full-time AmeriCorps position count towards PSLF?

According to the Department of Education's regulations, full-time service in an approved AmeriCorps position will be considered equivalent to employment in a public service job for the purposes of PSLF. Under this rule, your payments will count if all of the following are true:

You are serving in a full-time position in AmeriCorps State and National, AmeriCorps VISTA, or AmeriCorps NCCC when you make the payments.

The payments are on an eligible Direct Loan or Direct Consolidation Loan that is not in default.

You are making payments under an income-based, income-contingent, or 10-year standard repayment plan.2

You are making regular monthly payments within 15 days of the payment's due date, unless you made a lump sum payment with an AmeriCorps Education award or a Peace Corps transition payment. For more information on using the AmeriCorps Education award towards your qualifying loan payments, click here.

The payments are made on or after Oct. 1, 2020.
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