What are my options for loan forgiveness?

What are my options for loan forgiveness?

There are several options for loan forgiveness, including Public Service Loan Forgiveness, Teacher Loan Forgiveness, and income-driven repayment plan forgiveness. Which one are you interested in?

Can you tell me more about Public Service Loan Forgiveness?

Public Service Loan Forgiveness (PSLF) is available for borrowers who work full-time for a qualifying employer, such as government or non-profit organizations. After making 120 qualifying payments, you may have the remaining balance forgiven.

What qualifies as a qualifying employer?

Qualifying employers include federal, state, local, or tribal government organizations, as well as non-profit organizations that are tax-exempt under Section 501(c)(3) of the Internal Revenue Code.

How do I apply for PSLF?

To apply for PSLF, you need to submit the Employment Certification Form annually or whenever you change employers. After making the required payments, you can then apply for forgiveness.