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What is the federal Public Service Loan Forgiveness Program?

April 26, 2017Federal forgiveness loan program public service

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What is the federal Public Service Loan Forgiveness Program?

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The public service loan forgiveness program is a part of the College Cost Reduction Act of 2007 that allows some federal student loan borrowers who work in the public and nonprofit sectors to pay monthly loan repayments and to have remaining loan balances forgiven after 10 years of qualifying employment and loan repayment.