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Considering a career in Public Service? You may qualify for forgiveness of any remaining balance on your eligible federal student loans thanks to the Public Service Loan Forgiveness (PSL) Program.

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What is public service loan forgiveness?

The Public Service Loan Forgiveness (PSLF) Program is a federal program that forgives the remaining balance on Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.

Who is required to file public service loan forgiveness?

Borrowers who work full-time for a qualifying employer and have made 120 qualifying monthly payments on their Direct Loans are eligible to apply for public service loan forgiveness.

How to fill out public service loan forgiveness?

To apply for public service loan forgiveness, borrowers must complete and submit the Public Service Loan Forgiveness (PSLF) Application for Forgiveness form to the loan servicer.

What is the purpose of public service loan forgiveness?

The purpose of public service loan forgiveness is to provide financial relief for borrowers working in public service professions by forgiving the remaining balance on their Direct Loans after meeting certain requirements.

What information must be reported on public service loan forgiveness?

Borrowers must report their qualifying employment, repayment plan, and payment history when applying for public service loan forgiveness.

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