Public Service Loan Forgiveness

Did you know that 99% of 33 million Americans do not know about a program that could forgive potentially 100% of their federal student loan debt? Wouldn’t you like to know how to keep that money in your bank account?

In just a short period of time, you will learn everything you need to know about the Public Service Loan Forgiveness program and how that extra cash can be yours.

What is PSLF and How Can I Qualify?

The PSLF program grants forgiveness of almost all of an individual’s federal student loan debt. It is a service provided by the federal government and was launched in 2007 to help low-income people with public service jobs manage their finances. The initiative covers employees of the federal, state, and local governments, in addition to non-profit 501(c)(3) organizations.

A private non-profit employer may qualify if it provides public services such as military service, public safety, early childhood education, assistance for individuals with disabilities and senior citizens, as well as emergency management.

Public service loan forgiveness explicitly does not accept for-profit organizations, partisan political bodies, or labor unions.

While the type of work you do does not matter, you must work full-time while also making payments on your student loans to qualify for public service loan forgiveness. However, those payments do not have to be made consecutively. You must make 120 qualified payments, or at least 10 years’ worth, to qualify.

PSLF gives employers the right to decide what constitutes full-time employment, as long as it is at least 30 hours per week. Teachers or anyone contracted for at least 8 months of the year meet this requirement as long as the 30 hours were met whilst working.

If you work in two different qualifying jobs, as long as your combined weekly hours are 30 or more, you will be considered a full-time employee.

What Type of Loans Qualify?

Direct consolidated, PLUS, Stafford, subsidized, and unsubsidized loans are all included under this program. Default loans, federal loans, and private ones do not qualify.

If you have any questions about whether your loans are covered by PSLF, do not hesitate to submit an inquiry. If you are concerned about whether or not your loans fit the bill, there are ways to change your federal loans into regulation direct loans using a consolidation program.

Public service loan forgiveness is often underutilized because potential candidates do not make qualified payments. In order to be considered qualified, such payments need to be made in full, on time, and after October 1, 2007. They need to have been made while you were a full-time employee of a qualified employer for a proper repayment plan.

How Do I Start the Inquiry Process?

Non-profit employees, Peace Corps volunteers, public school teachers and staff, and government employees all qualify for public service loan forgiveness.

Wondering how much in student loan forgiveness you can receive? There is no established maximum value. It varies depending on the programs you apply to. But regardless, beginning the application process is the first step in finding out this amount.

There are a number of free eligibility assessments and help tools available online to determine whether you are qualified for loan forgiveness. These portals are easily accessible and open to the public. You can contact our experts who will both help you find the best loan forgiveness program and answer all of your questions.

Please dial (844) 585-0542 to speak with a representative regarding your student loan forgiveness.

Looking for Help?

Let our financial experts assist you on your journey to Student Loan Forgiveness

Fedloanhelp.us is a private company and is NOT AFFILIATED WITH AND DOES NOT HAVE ANY SPECIAL RELATIONSHIP WITH THE DEPARTMENT OF EDUCATION, loan servicers or any other academic or governmental entity. You can apply for loan consolidation or other repayment options through the Department of Education (DOE) at no cost, but you are instead choosing to use Fedloanhelp.us services to assist you prepare and process the consolidation and repayment option application paperwork for programs offered by the DOE. Fedloanhelp.us does not and will not make any payments for or on behalf of Student.