ODHR

Public Service Loan Forgiveness (PSLF)

and other Employer Eligible Loan Forgiveness Programs

There are several loan forgiveness programs that borrowers can take advantage of to pay off full or partial federal student loan balances.  Below are some known programs employees can take advantage of if qualified. 

Valencia College does not determine if you qualify for eligibility, please contact the program’s administrator for eligibility assistance.

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Public Service Loan Forgiveness Program

The Public Service Loan Forgiveness (PSLF) program is a program that helps borrowers who work for nonprofit and government agencies have their student loans (direct, subsidized, unsubsidized and consolidation loans) forgiven after 10 years of service and payments. This may include you as a Valencia College employee! 

How do I know if I qualify for a PSLF? 

To qualify for PSLF, you must: 

• Be employed by a U.S. federal, state, local or tribal government or not-for-profit organization (federal service includes U.S. military service); 
• Work full time for that agency or organization; 
• Have direct loans (or consolidate other federal student loans into a direct loan); 
• Repay your loans under an income-driven repayment plan; and 
• Make 120 qualifying payments. 

How to Apply for PSLF as an employee at Valencia College:

Use the official PSLF Help Tool to search for Valencia College, learn what actions you may need to take to become eligible for PSLF or TEPSLF, and generate a PSLF form. You will need to send your PSLF form to HR Employee Records & Services at HRrecords@valenciacollege.edu so that they can certify your employment and sign your form.

IMPORTANT NOTE: Part-time hours and full-time hours must be indicated on separate PSLF/TEPSLF forms. The help tool can only generate a single form at a time. If there is a gap in employment, separate forms must be completed for each of the time periods. If your employment history will require multiple pages, please first contact HR Employee Records & Services at HRrecords@valenciacollege.edu to determine the best way to submit this information.

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Nursing Student Loan Forgiveness Program

The Florida Legislature created the Nursing Student Loan Forgiveness Program (NSLFP) in 1989, to encourage qualified personnel to seek employment in areas of the state where there are critical nursing shortages. The program provides funds to assist in the repayment of nursing education loans

Based on available funds, the program provides up to $4,000 a year for a maximum of four years to assist in the payment of the principal balance of the originally verified nursing education loan. After one year of program enrollment, participants will receive a renewal packet. Initial payment will be made to the lender once full-time employment and loan principal balance are verified. Awards are not taxable, pursuant to the Affordable Care Act of 2010.

Eligibility Requirements:

• Have graduated from an accredited or approved nursing program;
• Are licensed by the Florida Board of Nursing as a Licensed Practical Nurse (LPN), Registered Nurse (RN) or an Advanced Registered Nurse Practitioner (ARNP);
• Have outstanding qualifying student loans from a federal, state or commercial lending institution, incurred toward an obtained nursing degree or nursing certificate; and
• Work full-time as a nurse at a designated site in Florida. Full-time employment shall be those hours determined by the employer to be one full-time equivalent (1.0 FTE) position.

You are not eligible to apply if you:

• Currently have a student loan in default status;
• Work in a contract on an “as needed” basis (PRN, pool nurses, agency nurses), part-time or self employed capacity; or
• Previously participated in the Florida Nursing Scholarship Program.

How to certify your nursing employment at Valencia:

• Please email HRrecords@valenciacollege.edu with your employment certification request. Please provide your VID# and omit any sensitive information from your request.

For additional information please visit Florida Nursing Student Loan Forgiveness Program.

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