Public Service Loan Forgiveness

Money Matters

This program was originally launched in 2007 and as part of the conditions, you made 10 years worth of payments on your federal school loans, the rest of your loans were forgiven.

The problem with this program is that many borrowers at the time did not realize they weren’t eligible for the program. At the time the program was introduced, there were many people with private loans, instead of the ones backed by the federal government.

I order to figure out if your current employer offers Loan Forgiveness, click here. To check what kind of loans you have, click here.

There are two parts to student loan forgiveness, which could involve consolidation and a waiver. For those that are interested , this program ends on October 31, 2022.

Student Loans

Published by carmk2002

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