GLOSSARY · DEBT & HOUSING

Public Service Loan Forgiveness (PSLF)

A federal program that forgives the remaining balance on Direct Loans after 120 qualifying monthly payments made while working full time for a government or qualifying nonprofit employer. Payments must be under a qualifying plan, usually an income-driven one, and the forgiven amount is not federal taxable income. Employment is certified with the PSLF form, ideally every year.

Also called: pslf, public service forgiveness

COMPUTE IT WITH YOUR NUMBERS

Federal student loan repayment plans →Which plan minimizes my payment or total cost now that SAVE is gone and RAP exists?

LEARN IT PROPERLY

CHAPTER · DEBT ELIMINATION STRATEGIES · STRATEGIESStudent Loans Under the 2026 Rules CHAPTER · STUDENT LOAN STRATEGIES · DEEP DIVEPublic Service Loan Forgiveness

SOURCES

Public Service Loan Forgiveness. Federal Student Aid, U.S. Department of Education.

All terms →The Library →