Definition
A federal program that forgives the remaining student loan balance for borrowers working in qualifying public service jobs.
What to consider
- Confirm you meet all eligibility requirements if you work in public service.
- Keep meticulous records of your qualifying payments.
- Monitor your progress to ensure you’re on track for forgiveness.
Real world scenarios
- Working as a public school teacher, Nina enrolled in the PSLF program, knowing that after 10 years of qualifying payments, her remaining student loans would be forgiven.
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