Public Service Loan Forgiveness (PSLF)

Public Service Loan Forgiveness (PSLF) is a U.S. federal program that aims to help individuals working in eligible public service jobs, such as government or nonprofit sectors, reduce their student loan debt. After making 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualified employer, the remaining loan balance is forgiven. This program encourages careers in public service by providing financial relief to those dedicated to helping their communities. However, it requires careful adherence to specific requirements to qualify for forgiveness.