What information must the documentation for the Student Loan Assistance Repayment Program include?

Documentation for the Student Loan Assistance Repayment Program must include:

  • The employee/student’s name. (Note:  If the name on the documentation is different, proof of identity is required. For example, if your maiden name is on the student loans, but HCPSS has your married name, we will need a copy of your marriage license.  
  • Loan documentation cannot be more than 30 days old from the time of submission.

 

If my remaining student loan balance is less than $5000, but close to that amount, can I still be considered for the Student Loan Assistance Repayment Program?

No. A $5,000 minimum is a requirement of the Student Loan Assistance Repayment Program to qualify.

Please note it is the total of all loans that need to exceed $5,000 for the Student Loan Assistance Repayment Program, not one individual loan.

Can I qualify for the Student Loan Assistance Repayment Program if I previously defaulted on my student loans, but was able to consolidate them to get a more manageable payment and now my account is paid on time?

Yes, you would be eligible to apply for the Student Loan Assistance Repayment Program if your student loan(s) is not currently in default.


 

Can I apply for the Student Loan Assistance Repayment Program the next time it is offered if I was not approved this year?

Yes, situations change. If you were not eligible the last time the Student Loan Assistance Repayment Program was offered, you may very well be eligible the next time.

Employees can apply each time the Student Loan Assistance Repayment Program is offered.


 

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