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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.
1
Only federal loans are eligible for PSLF, so you should not refinance your federal loans into private loans if you think you may qualify
2
A repayment plan like REPAYE offers payments based on the lowest percentage of income and maximizes your potential forgiveness benefit.
3
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)
the military
non-profit hospitals
public schools and universities
charities, including 501(c)3 organizations