Federal Student Debt Forgiveness

Over 50% of those who need payment relief and meet the eligibility criteria, qualify for a $0 monthly payment under the Income-Based Repayment plan.



In the new $1.3 trillion federal spending plan signed by the president, there is $350 million designated for Public Service Loan Forgiveness.

Here’s what you need to know and how to qualify.

Public Service Loan Forgiveness

If you meet all the requirements for the Public Service Loan Forgiveness program, but were enrolled in an ineligible repayment plan (namely the graduated or extended repayment plans), then the new federal spending plan is giving you a second chance for student loan forgiveness.

The Public Service Loan Forgiveness program is a federal program that forgives federal student loans for borrowers who are employed full-time (more than 30 hours per week) in an eligible federal, state or local public service job or 501(c)(3) non-profit job who make 120 eligible on-time payments over 10 years.

Public Service Loan Forgiveness was created in 2007 by President George W. Bush to inspire more graduates to enter public service roles.

The $350 million in funds are available on a first come, first served basis until the funds are exhausted for borrowers who previously chose an ineligible repayment plan.

More than 700,000 borrowers have applied for the Public Service Loan Forgiveness program. However, many don’t meet the requirements.

Here’s what you need to know to ensure that you qualify:

  1. You must work for a qualifying public service employer in a qualifying public service role

As the program name suggests, you must work in a qualifying public service role for a qualifying employer.

Which employers qualify? Typically, there are two general buckets:

– state, local and federal government

– 501(c)(3) non-profit

If you work for another employer not covered under these two categories, you can contact the U.S. Department of Education to determine if your role and organization qualify.

  1. You must have direct, federal student loans

The Public Service Loan Forgiveness program does not forgive private student loans – even if you work in public service.

If you work in the private sector or work for a non-profit in a non-public service role, you will not qualify for this program. You must have Direct, federal student loans such as Stafford loans to qualify.

You can confirm with your student loan servicer that you have Direct student loans, or check through Federal Student Aid.

You can also consolidate your federal student loans into a Direct Consolidation Loan with the federal government to qualify for Public Service Loan Forgiveness.

  1. You must be enrolled in a federal repayment program

It’s not enough to have a public service job at a qualifying employer and have Direct federal student loans. You also must be enrolled in an income-driven federal repayment program. You then must make 120 on-time, monthly payments (over 10 years) to qualify.

So, if you mistakenly made some of your student loan payments through the graduated or extended repayment programs, the new federal spending plan allows you to count those payments toward the 120 total payments. However, you should switch to an income-driven repayment program

If You don’t work in a public service Field loan Forgiveness plans are still available to you if you have federal loans.

Below are Some options that are available include the following.

    • Pay As You Earn Repayment Plan: Payments are based on your annual income, family size, and total Direct Loan balance. Available to Direct Loan programs.
    • Income-Based Repayment Plan: Payments are based on your annual income, family size, and total federal loan balance.Available to FFEL, PLUS, and Direct Loan programs.

Act now and take advantage of Federal Student Loan Forgiveness options. You can save thousands in less than 15 minutes.

We will qualify you for payments as low as Zero dollars per month. Call us at your earliest convenience or reply with a good time to reach you!

Call Now and apply for Immediate Relief 844-323-3328   or complete the short form above.

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