What is Public Service Loan Forgiveness?
Public Service Loan Forgiveness (PSLF) is a program that forgives federal student loans for borrowers who work in qualifying public service jobs.
Who qualifies for the PSLF program?
To qualify, you must work full-time for a government or nonprofit organization and make 120 qualifying monthly payments under a qualifying repayment plan.
How do I apply for PSLF?
You can apply by submitting the PSLF application form, which you can find on the Federal Student Aid website.
What types of loans are eligible for forgiveness?
Only Direct Loans are eligible for PSLF. If you have other types of federal loans, you may need to consolidate them into a Direct Consolidation Loan.
Is there a deadline for applying for PSLF?
There is no specific deadline, but it's best to apply as soon as you meet the requirements to ensure you receive forgiveness.
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