Public Service Student Loan Forgiveness

To all of you trying to ‘do good while doing well’ workers, in 2007, Congress created the Public Service Student Loan Forgiveness Program to encourage graduating students to enter and work full time in public service jobs.

Borrowers may qualify for forgiveness of a balance on their student loans.  This applies to parents working in public service who are paying their children’s loans, as well.  Of course, there is a lot of small print and documentation so start thinking about it now.

Having become intrigued with the world of nonprofits and community development while completing my undergraduate degree, all of my work since graduating has been in public service.  Finding out more about this program has been hovering in the background of my brain for a year or so and I moved it forward when my graduate degree loan payments started cutting into my expendable income.   My gift to you.

http://studentaid.ed.gov/PORTALSWebApp/students/english/PSF.jsp

http://studentaid.ed.gov/students/attachments/siteresources/factsheet_PSLF.pdf

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