What types of nonprofit organizations qualify for PSLF?

What types of nonprofit organizations qualify for the Public Service Loan Forgiveness (PSLF) program?

The PSLF program is designed for borrowers who work for qualifying nonprofit organizations. These include 501(c)(3) organizations, which are charitable organizations, as well as some other types of nonprofits that provide certain public services.

Can you give me examples of specific organizations that qualify?

Sure! Examples include hospitals, public education institutions, and organizations focused on public health, social services, and community development.

Are there any specific requirements these organizations must meet?

Yes, to qualify, the organization must be a nonprofit and provide qualifying public services. Additionally, the borrower must be employed full-time and make 120 qualifying payments.

What if I work for a nonprofit that isn't 501(c)(3)? Can I still qualify?

You may still qualify if your nonprofit is a government entity or a nonprofit that provides certain public services, but it's best to check the specific criteria for PSLF.