Join us to learn about the changes made to the Public Loan Service Forgiveness program.

As of July 1, 2021, the Department of Education has changed the eligible full-time employment requirement to include borrowers who are employed by a not-for-profit organization, where time is spent on religious instruction, worship services, or any form of proselytizing. 

The Public Service Loan Forgiveness allows William D. Ford Federal Direct student loan borrowers to discharge their student loans after working in positions with government or nonprofit organizations for at least 10 years. The program requires 120 “qualifying payments” to attain eligibility for loan forgiveness. These payments must meet several criteria: 

  • Payments must be made on a Direct federal student loan. Not all federal student loans are issued under the Direct lending program.  

  • Payments must be made under an income-driven repayment plan such as Income-Based Repayment plan, Income-Contingent Repayment plan, Pay As You Earn Repayment plan, or Revised Pay As You Earn Repayment plan. Payments made under the 10-year Standard plan also qualify, although this would repay the underlying federal loan in full within 10 years.  

  • The borrower must make on-time payments while working as a full-time employee for either a government agency or entity, or a 501(c)(3) nonprofit organization.  

Registration is Required.