10/11/2005
Revised Child Care Provider Loan Forgiveness Now Available

The availability of a revised Child Care Provider Loan Forgiveness Application for Renewal Benefits and a revised Child Care Provider Loan Forgiveness Forbearance Form was announced by the Department of Education (ED) in Dear Colleague Letter (DCL) GEN-05-11.

Even though ED is not accepting new applicants into the program because no additional funding has been provided, an application for renewal benefits is available for those borrowers who have previously been granted forgiveness under the Child Care Provider Loan Forgiveness Program. Renewal borrowers will need to contact ED’s Child Care Provider Loan Forgiveness Processing Unit for the renewal application (contact information is provided in the DCL).

The Office of Management and Budget (OMB) approved Child Care Provider Loan Forgiveness Forbearance Form is available for immediate use. Program participants may begin distributing the revised form immediately. However, beginning February 28, 2006, only the new forbearance request may be provided to eligible borrowers. Please note that forms distributed prior to February 28, 2006, and submitted after this date are still eligible for processing, if applicable.

The Child Care Provider Loan Forgiveness Forbearance Form is available for those borrowers who have previously been granted forgiveness under the Child Care Provider Loan Forgiveness Program and who meet other eligibility requirements. Click here to access the forbearance form on OGSLP's Web site.