First, what is PSLF? PSLF is a program that forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan, while working full-time for a qualifying employer. However, your loan will only be forgiven if you meet all of the PSLF Program eligibility requirements.
Here’s a common question from customers who have taken out student loans… Is it really possible to have my federal student loans forgiven or to get help repaying them?
The answer: Yes!
However, there are very specific eligibility requirements you must meet to qualify for loan forgiveness or receive help with repayment. Loan forgiveness means you don’t have to pay back some or all of your loan.
You never know what you may be eligible for, so take a look at the options we have listed below.
Picture this: you receive a call from an unknown number, and the person on the other end of the phone is promising to help you pay off your student loans. All you need to do is provide some personal information and pay an upfront fee. It sounds too good to be true, right? It probably is.
Even if you haven’t gotten a phone call exactly like that, you have probably seen countless ads on social media offering to help you manage your student loan debt.