what is pslf

PSLF stands for Public Service Loan Forgiveness. It is a United States government program that was created under the College Cost Reduction and Access Act of 2007 to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. The program forgives the remaining balance on Direct Loans after the borrower has made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer, such as federal, state, tribal, or local government, or for a non-profit organization