Public Service Loan Forgiveness for Student Loans
Public Service Loan Forgiveness for student loans is a program created to help students who are employed in the public service sector to reduce or eliminate their outstanding student loan debt. The program provides federal student loan borrowers who work in public service jobs with the opportunity to have part, or even all of their outstanding federal student loan balance forgiven after making 120 qualifying payments over 10 years, also known as “loan forgiveness”.
In order to be eligible for Public Service Loan Forgiveness, borrowers must make 120 full, on-time payments on their federal student loans while employed full-time in an eligible public service job. This can include jobs such as teaching at an elementary school or university; working at a nonprofit organization; joining the military; and more.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
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