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You’ll receive student loan forgiveness of your remaining balance after you’ve made the equivalent of 10 years (or 120 student loan payments) under this program.
The PSLF program forgives remaining student loan balances for borrowers in the Direct Loan program after 120 qualifying monthly payments under an income-driven repayment (IDR) plan.
The U.S. Education Department updated the student loan forgiveness process for some borrowers who work in public service, including teachers, police officers and social workers. This change, which ...
- Promises that are too good to be true: according to the FSA, most government forgiveness programs require years of qualifying payments and/or employment in certain fields before forgiving loans.
The Public Service Loan Forgiveness provides student debt forgiveness to those who have worked at least 10 years in public service jobs with federal, state, local, or certain non-profit ...
Through this initiative, past loan periods will count toward 20- or 25-year student loan forgiveness terms under income-driven repayment (IDR) plans. This includes borrowers who haven’t been ...