How Does i2Verify® Help Employees Secure Loan Forgiveness?
As previously noted, completing the ECF annually or upon changing jobs is crucial to ensuring student loan debt forgiveness for eligible employees. However, knowing how and when to complete the ECF or other PSLF-related forms is challenging for employers and employees. For many employees, figuring out the PSLF program feels like playing a board game with rules that change daily.
At i2Verify, we provide a solution to employers and employees that helps users navigate the PSLF process, so the process is straightforward. Instead of employees asking employers to complete the ECF manually, i2Verify enables all current and former employees of our clients to access their automatically and correctly completed ECF's directly from their i2Verify employee portal.
With i2Verify, employees access their portal, generate an ECF, and follow the instructions to directly file the ECF with the ED or provide the ECF via mail or fax. Employees can also generate other PSLF forms directly from their employee portal!
Now back to our First Responder. Here's what she had to say regarding how i2Verify has helped her navigate the PSLF process:
“With i2Verify, the process is much more efficient. I don't have to wait days for the form to be completed and faxed, and I don't have to wonder if my HR employer did all the steps correctly. I can, instead, review all the items in front of me and submit my paperwork with less worry.”
The First Responder that we are referring to had over $160,000 in debt, and with i2Verify's help in navigating the PSLF process, she is well on her way to having her student loan debt forgiven.
What if There are Issues with PSLF Processing?
We have discussed the process of securing student loan forgiveness. But what if, upon submitting the forms, the ED or their servicer has issues with the submitted forms? Issues can include a request for more information or a denial of loan forgiveness.
To help our clients' employees, i2Verify works closely with The Institute for Student Loan Advisors (TISLA), a nationally recognized expert in PSLF and all things student loans, to offer employees step-by-step guidance through the entire loan forgiveness process.
This guidance includes educational webinars, training sessions, and help with appealing decisions and navigating the process from beginning to end. As one of i2Verify’s users stated
"The PSLF program has so many hoops and jumps to go through that it's no wonder why so many people don't qualify or submit incorrectly."
We all recognize what our First Responders have done for us during this pandemic. It is time that we give back, and helping with student loan forgiveness is a significant first step.
Let i2Verify and TISLA help you today.