Public service loan

President Joe Biden will supports up to $50,000 in student loan forgiveness in five years under the Public Service Loan Forgiveness (PSLF) program. Call us now or submit application  for more detail and eligibility criteria. 

Student Loan Forgiveness Application

Public service loan forgiveness

Public Service Loan Forgiveness is a federal plan meant to persuade students to take up relatively low-paying occupations, such as fire protection, education, nursing, government, the military and public interest law.

To be tax-exempt, you must have worked for a government or non-profit organization for 10 years.

Kristin Bhaumik, deputy director of the University of Michigan’s Department of Financial Assistance, said PSLF would be useful to graduates planning to follow a career in public services anyway. She states: “For most people in the last decade, it’s been a long time to plan the future just to allow a loan.”

You can use the PSLF Help Tool on the Federal Student Assistance website to determine eligibility based on the kind of loan you have and your owner.

Public Service Loan Forgiveness img

SLFA Qualifying Employer

Eligible employment in the PSLF program has nothing to do with the specific job you do for your employer. Instead, it has to do with your employment status. Employment in the following types of organizations is eligible for PSLF:

  • Government agencies at all levels (US federal, state, provincial or tribal)
  • Nonprofit organizations that are tax-free under Section 501 (c) (3) of the IRS

Volunteer service with AmeriCorps or the Peace Corps full-time is also considered skilled work for the PSLF program.

The following categories of firms do not meet the criteria for PSLF:

  • Partisan political organizations
  • Labour unions
  • For-profit organizations, as well as for-profit government contractors.
  • Full-time Employment

For PSLF, if you meet the employer’s definition of a full-time job or work at least 30 hours a week (whichever is longer), it is usually considered a full-time job.

If you have multiple part-time jobs simultaneously and work with your employer, on average more than 30 hours a week, you are considered full-time.

Suppose you are an employee of a non-profit organization. In that case, the time spent on religious education, worship, or any form of religious reform may not count towards meeting the requirements for a full-time job.

Get Your Free Assessment

If you wanted to know more about Public Service Loan Programs. You can contact us any time.

Eligible Loans

All loans collected in the William D. Ford Federal Direct Loan Program (Direct Loan) are subject to PSLF.

These federal student loan programs loans are not included in the PSLF: Federal Perkins Loan (Perkins Loan) and Federal Family Education Loan (FFEL). Though, if you integrate directly into a global loan, you may be eligible.

Student loans from private creditors are not eligible for PSLF.

When consolidating loans, only eligible payments made through a new direct loan will count towards the 120 payments required by the PSLF. Loan payments before loan consolidation are not counted.

Scroll to Top

Stay updated about Loan programs