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If you have federal student loans and work in public service, you may be eligible for PSLF. Under this program, borrowers who work for a nonprofit organization or government agency can have their loans forgiven after making 120 qualifying payments. Only federal loans, not private loans, qualify for PSLF.Which employers qualify for PSLF?
Qualifying employers whose employees may apply for PSLF are: Not-for-profit organizations that are tax-exempt under Section 501(c)(3) of the Internal Revenue Code Any local, state, federal, or tribal government organization Certain not-for-profit organizations with qualifying public servicesWhich loans are eligible for PSLF?
Eligible loans. Any loan made under the Direct Loan Program can qualify for PSLF. In particular, Subsidized and Unsubsidized Stafford Loans, PLUS Loans, and Federal Direct Consolidation Loans qualify for PSLF. Loans in the FFEL program or Federal Perkins Loans can be consolidated into a Direct Consolidation Loan to become eligible for the program.