What Is Public Service Loan Forgiveness?
There are three requirements of what makes up public service loan forgiveness for student loans. According to CNBC, it’s the following.
- They have to federal direct loans.
- Employers must be government level organizations, a 501(c)(3) not-for-profit, or another type of nonprofit that provides public services.
- You will have had to make 120 on-time payments.
Image via Inside Higher Ed.