Review:
Public Service Loan Forgiveness Program
overall review score: 3.5
⭐⭐⭐⭐
score is between 0 and 5
The Public Service Loan Forgiveness Program is a federal program that forgives the remaining balance on Direct Loans after making 120 qualifying payments while working full-time for a qualifying employer.
Key Features
- Loan forgiveness
- Qualifying payments
- Full-time employment
- Direct Loans
Pros
- Opportunity for loan forgiveness
- Encourages public service work
- Helps borrowers manage student loan debt
Cons
- Complex eligibility requirements
- Limited to specific types of employers
- Reports of high rejection rates