Eligible loans may be forgiven after making 120 months of qualifying payments while working full time in an eligible public service position.
Three Key Factors to Qualify for PSLF
- You must have eligible loans: Federal Subsidized, Unsubsidized, Graduate PLUS and Consolidation Loans borrowed under the William D. Ford Direct Loan Program
- You must make qualifying payments: repay your Direct Loans under the Standard, Income Based Repayment (IBR), or Pay As You Earn (PAYE) plan
- You must work in a qualifying job: eligible employment includes non-profit, tax-exempt 501 (c) (3) organizations, government, law enforcement, military, public interest law services (including prosecution or public defense or legal advocacy in low-income communities at a non-profit organization), public education, etc.
The Department of Education has provided information to students on their PSLF website and has a letter to borrowers[PDF], PSLF instructions[PDF], and a PSLF Employment Certification Form[PDF].