|Link||view program website|
|Sponsor||U.S. Department of Education|
|Deadlines||Applications accepted on an ongoing basis|
|Contact||For more information, contact your Direct Loan servicer.|
|Purpose||The Public Service Loan Forgiveness (PSLF) Program offers loan forgiveness to individuals working in public service jobs who have made 120 full, on-time payments on their Direct Loans.|
Only loans received under the William D. Ford Federal Direct Loan Program are eligible for PSLF. Applicants must have made 120 full, on-time scheduled payments. Any full-time (30 or more hours per week) employment with a federal, state, or local government agency, entity, or organization or a non-profit organization that has been designated as tax-exempt by the Internal Revenue Service (IRS) under Section 501(c)(3) of the Internal Revenue Code is eligible.
A private non-profit employer that is not a tax-exempt organization under Section 501(c)(3) of the IRC may be a qualifying public service organization if it provides certain specified public services. These services include emergency management, military service, public safety, or law enforcement services; public health services; public education or public library services; school library and other school-based services; public interest law services; early childhood education; public service for individuals with disabilities and the elderly.
|The amount left on Direct Loans will be forgiven after a 10-year period of service.|
|After making the 120th qualifying payment, applicants can submit an application to receive loan forgiveness. Applicants can request an application through their Direct Service loan provider.|
|Tagged as||Health Education Financial Aid, Public Health|
For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RAC does not take part in application processes or monitor application status.
U.S. Department of Education, view details