How does Public Service Loan Forgiveness (PSLF) work?
To be eligible for Public Service Loan Forgiveness (PSLF) you must make 120 of the right kind of payments, with the right kind of loan, while working in the right kind of job. The 120 payments do not have to be consecutive. If you’re doing all of these things, the first date that a payment can count towards PSLF is October 2007, and the first date that one can be eligible for forgiveness is October 2017. More details on the eligibility criteria for PSLF: 1) The right kind of job. In general, you should qualify if you are a full-time employee of a local, tribal, state, or federal government, or a 501(c)(3) nonprofit. Full-time is defined as an annual average of at least 30 hours a week, or the number of hours your employer considers full-time, whichever is GREATER (unless you work for multiple public service employers, in which case only the “30 hours a week” definition applies). For teachers and other public service employees whose typical employment period is for 8 months or more, the
