Any federal, state, local, or tribal government agency is considered a government employer for the PSLF Program. … Note: Service as an elected member of the U.S. Congress is not qualifying employment for PSLF.
In this regard, does my employer count towards PSLF?
Yes. Any month when your scheduled payment under an income-driven repayment plan is $0 will count toward PSLF if you also are employed full-time by a qualifying employer during that month.
In respect to this, how much does PSLF forgive?
Depending on the payment plan selected, your forgiveness with PSLF would be up to $24,150.
Is PSLF a good idea?
Summary. Public Student Loan Forgiveness can be great for those who plan to or already work in any public sector. But, many people won’t qualify. For those who don’t, refinancing your student loans into one, low monthly payment could save you more than PSLF.
- Law enforcement officer.
- Animal control officer.
- Correctional officer.
- Transit authority.
- Crossing guards.
- Coast guard.
Eligible Loans: Eligible loans include Federal Direct Stafford Loans (Subsidized and Unsubsidized), Federal Direct PLUS Loans, and Federal Direct Consolidation Loans. Borrowers in the Direct Loan program do not need to consolidate in order to qualify for loan forgiveness.