Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

...

Public Service Loan Forgiveness Program

In 2007, Congress created the Public Service Loan Forgiveness Program to encourage individuals to enter and continue to work full-time in public service jobs. Under this program, borrowers may qualify for forgiveness of the remaining balance due on their eligible federal student loans after they have made 120 payments on those loans under certain repayment plans while employed full time by certain public service employers.