The Public Service Loan Forgiveness (PSLF) program was established to encourage individuals to pursue full-time employment in lower-paying, vital public service jobs. The program allows eligible borrowers to cancel the remaining balance of their Direct Loans after serving full time at a qualifying public service organization for at least 10 years while making 120 qualifying on-time monthly payments after October 1, 2007.
To learn more, visit StudentAid.gov and review StudentAid.gov’s PSLF FAQs.
Important Limited PSLF Waiver Opportunity
On October 6, 2021, the U.S. Department of Education announced a change to the PSLF program rules for a limited time. Now through October 31, 2022, borrowers may receive credit for past periods of repayment that would otherwise not qualify for PSLF. Learn more about this limited PSLF Waiver at https://studentaid.gov/pslfwaiver.
You can use the PSLF Help Tool to search for a qualifying employer, learn what actions you may nee to take to become eligible, and generate the form you need at https://studentaid.gov/pslf You can also download the PSLF Form.
NOTICE: We understand that some of our students have prior loans that are already in repayment, and that others may be close to entering repayment. You may have recently seen ads on Facebook or through e-mails advertising services such as consolidation, lowering monthly payments, or even forgiveness of your student loans. Many of these companies require an up-front fee or charge for their services on an ongoing basis. We want you to know that the programs these companies are advertising are all offered to Federal student loan borrowers, at no charge, from the Department of Education and through your loan servicers.
Please contact your loan servicer regarding your options as they are there to assist you with choosing the best repayment option for you. If you are unsure of how to contact your servicer, you can find all your federal loan information by logging in to studentaid.gov.
If you have loans in repayment and are interested in loan consolidation, make sure it’s the best option for you. You can learn more at the Federal Student Aid site: https://studentaid.gov/manage-loans/consolidation. And, you can find a free online consolidation application at https://studentaid.gov/app/launchConsolidation.action