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Public Service Loan Forgiveness: What Every Dental Student, Resident and Fellow Should Know Quick Facts About Public Service Loan Forgiveness (PSL) Passed into law in 2007 to encourage borrowers to
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What is public service loan forgiveness?
Public Service Loan Forgiveness is a program that forgives the remaining balance on qualifying federal student loans after making 120 qualifying payments while working full-time for a qualifying employer.
Who is required to file public service loan forgiveness?
Borrowers who are working full-time for a qualifying employer, have qualifying federal student loans, and have made 120 qualifying payments may file for Public Service Loan Forgiveness.
How to fill out public service loan forgiveness?
Borrowers can fill out the Public Service Loan Forgiveness form provided by the loan servicer and submit it along with proof of employment and payments.
What is the purpose of public service loan forgiveness?
The purpose of Public Service Loan Forgiveness is to incentivize individuals to pursue careers in public service by offering loan forgiveness after a period of qualifying payments.
What information must be reported on public service loan forgiveness?
Borrowers must report information regarding their qualifying employment, payments made, type of loans, and any other relevant documentation required by the loan servicer.
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