Is there a loan forgiveness program for public service workers?
The Public Service Loan Forgiveness (PSLF) Program was established to encourage individuals to enter and continue in full-time public service employment by forgiving the remaining balance of their William D. Ford Federal Direct Loan Program loans (Direct Loans SM) after the borrower has made 120 qualifying monthly payments (beginning anytime after October 1, 2007) while employed full-time by a public service organization.
Learn more about the Public Service Loan Forgiveness Program by contacting Fedloan Servicing. You may also view general information and Frequently Asked Questions on the following webpage: http://studentaid.ed.gov/sites/default/files/public-service-loan-forgiveness-common-questions.pdf.
Please note the first eligible borrowers to be able to claim PSLF will be able to do it after October, 2017.