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UNCLASSIFIED Student Loan Repayment Program Policy Guide 4.1.2.5. Ineligible Loans A student loan is ineligible for SLRP coverage if it is: . A privately backed, signature loan Backed by a federal government other than that of the United States of America (see subsection 4.1.2.1). :Held by a parent of the applicant (regardless of whether the holder is an FBI employee) Furthermore, a private loan or a loan held by a parent of a student is ineligible for SLRP consideration because it is not held by the applying FBI employee (but rather is held by a parent of the employee) or is held by an FBI employee but not for the employee's own educational expenses The SLRP is not related to the Public Service Loan Forgiveness Program administered by the United States (U.S.) Department of Education (ED). Employees should contact the HRD Call Center to manage their forms for the Public Service Loan Forgiveness Program. 4.2. Repayment Basis 4.2.1. Overall To receive a student loan repayment benefit, the FBI employee or job candidate must be highly qualified and meet all eligibility criteria. Each application goes through an approval process, including a review by the supervisor and FBIHQ division or FO head. Payment decisions are final; FBI employees cannot appeal them.. 4.2.2. Key Factors 4.2.2.1. Current Outstanding Balance The student loan amount must be supported by lender documentation directly from the lender and meet all loan documentation requirements (see subsection.4.1.2.?.). The balance can never include any penalties or late fees that the lender may impose. Consistent with federal regulation. the loan balance can only include loans that were in existence at the time of initial application under the current SLRP CSA. For example, when an employee applies in the second or third year of an existing SLRP CSA, the employee can only include loans that were in existence prior to the first-year application. 4.2.2.2. Annual and Lifetime Maximums The annual request and approval maximum is $10,000 in pretax dollars, and the cumulative lifetime request and approval maximum is $60,000 in pretax dollars. 4.2.2.3. Allocation Across Multiple Loans If an applicant has multiple loans listed on the application, the SLRP automatically pays first towards the loan with the highest balance. If the loan with the highest balance is less than the approved amount, payment will then be made to other loans until the approved amount is met. Example: An FBI employee has three qualifying loans. The first has an outstanding balance of $5,000, the second has $4,000, and the third has $2,000. If the applicant is accepted into the program, the FBI will pay first towards the $5,000 Ioan, then towards the $4,000 Ioan, and so on until the limit is met. 9 UNCLASSIFIED