Get updates delivered to you daily. Free and customizable.
The US Sun
Full list of jobs that qualify for student loan forgiveness
By Alexandra Markovich,
2022-03-04
THE cost of a college education remains an investment which can take years, sometimes decades, to pay off.
Today’s college student graduates with an average federal student loan debt of $37,113, according to EducationData, but there is a way to have your student loans forgiven.
Through the Public Service Loan Forgiveness (PSLF) program, your student loan debt can be wiped clean.
PSLF is a federal program created in 2007 under the College Cost Reduction and Access Act (CCRAA).
It forgives the remaining balance on direct federal loans after a you make 120 qualifying monthly payments while working for a qualifying employer.
Who is eligible?
To qualify for PSLF, you must work full-time for a government agency or for certain types of nonprofit organizations.
Eligible loans include federal direct loans and federal loans that were consolidated into a federal consolidation loan.
To benefit from PSLF, you will have to change to an income-driven repayment plan.
Qualifying repayment plans include all income-driven repayment plans:
Revised Pay As You Earn Repayment Plan (REPAYE)
Pay As You Earn Repayment Plan (PAYE)
Income-Based Repayment Plan (IBR)
Income-Contingent Repayment Plan (ICR Plan)
Once you switch to an income-driven repayment plan, PSLF will forgive your loan balance after you make 120 qualifying payments.
Payments are considered qualified if you’re working at an eligible job when you make them.
Private student loans, Federal Family Education loans and Federal Perkins loans are not eligible for public service loan forgiveness.
Which jobs qualify for public service loan forgiveness?
Here is a list of jobs that qualify for PSLF:
Emergency Management
Government (excluding time served as a member of Congress)
Military service
Public safety
Law enforcement
Public health
Public education
Social work
Public interest law services
Early childhood education
Public service for individuals with disabilities
Public service for the elderly
Public library sciences
School-based library sciences and other school-based services
501(c)(3) tax exempt organizations
Teaching as a faculty member at a tribal college or university
Teaching as a faculty member in a high-need subject area or shortage area
Volunteering full-time for the AmeriCorps or Peace Corps
Get updates delivered to you daily. Free and customizable.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.
Comments / 0