Public Service Loan Forgiveness Program

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 If you are employed by a government or not-for-profit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness Program .

Click here to see whether you might qualify.

 The PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.

To qualify for a loan discharge under PSLF, a borrower must have Direct Loans — a specific type of federal student loan — be in the correct repayment program (many of the government’s repayment programs don’t qualify for PSLF), and work in the correct type of job, which includes government work and employment at certain types of nonprofits.

Borrowers also need to make at least 120 on-time monthly payments — or 10 years’ worth — on their student loans to be eligible to have them forgiven. There are a number of reasons why a borrower who has the correct type of loan, job and repayment plan might have a payment not qualify. For example, when borrowers put more than their required monthly payment towards their loan, typically the due date for their following payment is more than a month later than when they overpaid. This is known as paid-ahead status. Any payments borrowers make while they’re paid ahead don’t qualify for PSLF.

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