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👤 Person
Public Service Loan Forgiveness
US government program
📊 Rating
1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Student Debt (1)
- Government Policy (1)
- Personal Finance (1)
🏷️ Keywords
Public Service Loan Forgiveness (1) · PSLF Buyback (1) · SAVE plan (1) · Student loans (1) · Education Department (1) · Income-Based Repayment (1) · Loan Forgiveness (1) · Deferment (1)
📖 Key Information
The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service.
The program permits Direct Loan borrowers who make 120 qualifying monthly payments under a qualifying repayment plan, while working full-time for a qualifying employer, to have the remainder of their balance forgiven. The earliest time in which borrowers could receive forgiveness under the program was after October 1, 2017.
📰 Related News (1)
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🇺🇸 Student loan forgiveness for public servants could be pricier to access, after new changes
It may be pricier now for some student borrowers to access Public Service Loan Forgiveness, after new changes quietly rolled out by the Education Depa...
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