By Rajendra Sep 29, 2022
– A federal loan forgiveness program designed to encourage & reward those who choose jobs in public service with the opportunity to have federal loan balances forgiven.
– All employees who work full-time for a public service employer can qualify, regardless of job title.
Make 120 qualifying payments while working for a public servicer employer.
Only federal loans are eligible for PSLF, so you should not refinance your federal loans into private loans if you think you may qualify
A repayment plan like REPAYE offers payments based on the lowest percentage of income and maximizes your potential forgiveness benefit.
Your employer will need to verify the information and sign off on it in order to prove your eligibility.
government agencies (federal, state, city, local, and tribal)
public schools and universities
charities, including 501(c)3 organizations