Does working at a community non profit hospital, support staff job, count as a forgivable under the IBR forgiveness plan? I saw nursing etc on the site but I am only a lab assistant there. How do I find out if I qualify?
May 3, 2014
If you are employed by a 501(c)(3), which is a non-profit organization, then your employment should count towards public service forgiveness. The important thing about the main public service forgiveness program is not the job title, but rather who you work for.
It is also important that you are on an eligible repayment plan, such as IBR or PAYE.
The best way to find out whether or not you qualify is to get your payments certified as public service payments with your lender. To qualify for forgiveness, you must make 120 qualifying payments. Your lender should have a certification form that can be filled out by you and your lender. If the payments are certified, you know you qualify for the program, if they are not, they should explain why so that you can address the shortcoming.
But you have to work full-time at the 501(c)(3), right? I am a college instructor working part-time at 3 different schools. Two of the three are 501(c)(3) not for profits. I have been trying to find a full-time position since 2008, but very few schools are hiring full-time professors, and when I do apply, I’m competing with 200+ other applicants for a single position.
I am currently on IBR and making all my payments on time, but teaching 5-6 courses a term and I can’t continue at this pace much longer. I’m in my forties. I’d heard a rumor that Sen. Dick Durbin had proposed a change to the loan forgiveness rules making adjunct faculty eligible for loan forgiveness after 10 years like their full-time counterparts, but I never heard if it went anywhere.
May 3, 2014
You may actually be in luck given your current circumstances. According to studentaid.gov, you part time jobs can combine to count, “If you are employed in more than one qualifying part-time job simultaneously, you may meet the full-time employment requirement if you work a combined average of at least 30 hours per week with your employers.”
The full time employment requirements are spelled out here: https://studentaid.ed.gov/repay-loans/forgiveness-cancellation/public-service#full-time-employment
I suspect the paperwork for you may be complicated if you are trying to combine multiple employer certifications, so I would get with your lender asap to get the process started.
As a side note, teaching, even at a non-profit can count towards public service forgiveness. More on that here: https://studentaid.ed.gov/repay-loans/forgiveness-cancellation/public-service#qualifying-employment
Based on what you have said in your post, I do think it is possible that your part time work at three different schools could count. Please keep us posted on how the process goes for you and feel free to stop back if you have any other questions.
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