The Teacher Loan Forgiveness (TLF)
Application serves as the means by which an eligible Direct Loan or
FFEL program borrower who has completed five consecutive years of
qualifying teaching service applies for forgiveness of up to $5,000
or up to $17,500 of his or her eligible loans. Eligible special
education teachers and secondary school math or science teachers
may receive a maximum of $17,500 in loan forgiveness. Other
teachers may receive a maximum of $5,000 in loan forgiveness.
Borrowers who are working toward loan forgiveness may use the TLF
Forbearance Request to request a forbearance during some or all of
their required five consecutive years of teaching service. A
prospective TLF applicant may receive a forbearance during some or
all of the five-year teaching period only if the projected balance
on the borrower's eligible loans at the end of the five-year period
(if the borrower made monthly loan payments during that period)
would be less than the maximum forgiveness amount for which the
borrower qualifies.
US Code:
20
USC 1078-10 Name of Law: Higher Education Act of 1995, as
amended
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.