How To Qualify For PSLF (Public Service Loan Forgiveness) - The White Coat Investor - Basics

Описание: The Public Service Loan Forgiveness (PSLF) program is one of the best possible ways to manage federal loans. If you are eligible for this government program by virtue of your employment situation, you should almost surely take advantage. PSLF offers tax-free forgiveness of any remaining direct federal loans after 10 years of payments have been made.

Only direct federal loans are eligible
Must be employed full-time (30+ hours/week) by a non-profit 501(c)(3) or governmental employer
Must make 120 on-time (i.e. less than 15 days late) monthly payments
Payments must be made in an eligible program—usually an Income-Driven -Repayment (IDR) program such as Income-Based Repayment (IBR), Pay As You Earn (PAYE), Revised Pay As You Earn (REPAYE), or Income Contingent Repayment (ICR)
Must fill out the annual employer certification forms and application correctly

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00:00 PSLF
00:19 PSLF Requirements
01:22 PSLF Changes