What is Public Service Loan Forgiveness (PSLF)?
The PSLF Program was established to encourage individuals to enter and continue in full-time public service employment by forgiving the remaining balance of their Direct Loans after they have made 240 qualifying payments after October 1, 2007. Call 844-323-3328 to Apply for PSLF Student Loan Forgiveness!
What Are The Eligibility Requirements For (PSLF)?
You must be employed full-time by a public service organization when you make each of the required 120 qualifying payments on your Direct Loans, at the time you apply for loan forgiveness after making the last of those 120 payments, and at the time you receive loan forgiveness.
How Does Income Determine Eligibility For (PSLF)?
Not directly, but your income is a factor in determining your required monthly payment amount under the Income-Based Repayment (IBR) Plan, Pay As You Earn Repayment Plan, and the Income Contingent Repayment (ICR) Plan, the three PSLF-eligible repayment plans that are the most likely to leave you with a remaining loan balance to be forgiven after you have made 120 qualifying payments.
We Encourage you to act soon due to the high demand this program may not be around. Call us today so that we can lock you in before Congress changes the guidelines. Simply complete the short form above or call us at 844-323-3328!