Loan Forgiveness Public Service

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Posted on November 13, 2018 at 03:16 AM

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FinAid | Loans | Public Service Loan Forgiveness
The Public Service Loan Forgiveness program discharges any remaining debt after 10 years of full-time employment in public service. The borrower must have made 120 payments as part of the Direct Loan program in order to obtain this benefit.
How to Qualify for Public Service Loan Forgiveness - ED ...
That’s because Public Service Loan Forgiveness forgives the remaining balance on your loans after 120 payments (10 years), while the 10-year Standard Repayment Plan sets your payment at an amount that will ensure that your loan is paid off within 10 years.
Is anyone actually getting public service loan forgiveness?
The Public Service Loan Forgiveness Program turned 10 last year. So far, about 7,500 people have applied to have their student loans discharged, but fewer than 1,000 are expected to qualify this ...

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