What is Public Service Loan Forgiveness?
An example of an AI chatbot conversation about Public Service Loan Forgiveness.
Can you explain what Public Service Loan Forgiveness is?
Public Service Loan Forgiveness (PSLF) is a program that forgives federal student loans for borrowers who work in qualifying public service jobs.
What types of jobs qualify for PSLF?
Qualifying jobs include those in government organizations, nonprofit organizations, and certain other public service roles.
How long do I need to work in a qualifying job to get forgiveness?
You need to make 120 qualifying monthly payments while working full-time in a qualifying job to be eligible for forgiveness.
Are there any specific loan types that qualify for PSLF?
Yes, only Direct Loans qualify for PSLF. If you have other types of federal loans, you may need to consolidate them into a Direct Consolidation Loan.
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