The Public Service Loan Forgiveness (PSLF) Program is intended to encourage individuals to enter and continue to work full-time in public service jobs. Payment 1 Financial Group offers installment loans from $500 to $5,000 with flexible payment options and competitive rates. Customers need a valid ID, a Social Security number, proof of address, proof of income and five references. Use the online application tool to find out how much money you qualify for. Payment 1 Financial Group completes loans in as little as 30 minutes.If you receive a deferment or forbearance during your volunteer service, you can use the transition payment you receive after completing your Peace Corps service—or the Segal Education Award you may receive after AmeriCorps service—to make a lump-sum payment on your Direct Loans and receive credit for a certain number of payments for PSLF. This number is determined by dividing the amount of your lump-sum payment by your scheduled full monthly payment amount, for a credit of no more than 12 qualifying monthly payments. This benefit is available to you only one time for Peace Corps service and one time for AmeriCorps service.
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