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For PSLF, you're generally considered to work full time if you meet your employer's definition of full time or you work at least 30 hours per week, whichever is greater.
Review the seven steps to forgiveness under PSLF to make sure you're on the right track. Verify Employment. Review Loan Eligibility. Check Your Repayment Plan. Confirm Your Qualifying Payments. Make Qualifying Payments. Track Your Payments. Submit Your PSLF Form for Forgiveness.
Undergraduate and graduate students are expected to receive forgiveness of up to $10,000 in federal student loan debt for borrowers making under $125,000 a year or couples making less than $250,000 a year. Private loans will not be forgiven.
Key Takeaways. Forgiveness is the best kind of student loan debt relief, but it's hard to come by. Income-driven repayment plans and Public Service Loan Forgiveness (PSLF) can erase people's remaining debt after many years of payments. Only federal student loans can be forgiven.
Employment with the following types of organizations qualifies for PSLF: Government organizations at any level (U.S. federal, state, local, or tribal) \u2013 this includes the U.S. military. Not-for-profit organizations that are tax-exempt under Section 501(c)(3) of the Internal Revenue Code.

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There are no income limits for the PSLF program. However, if your income is high relative to the balance of your student loans, you might not qualify for an income-driven repayment plan.
The PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
Generally, most federal student loans qualify for forgiveness, including Pell Grants, government-owned FFEL loans, and Direct Loans such as Parent PLUS and Grad PLUS loans. Certain loans from the Federal Perkins Loan Program, such as ones held by colleges, may be excluded. All private student loans are also excluded.
If you have a large amount of student loan debt, then Public Service Loan Forgiveness (PSLF) could potentially save you thousands of dollars. It also might knock years off your student loan repayment timeline. You must meet all of the criteria to be eligible for college loan forgiveness, but the payoff can be worth it.
In keeping with a promise he originally made back in 2020, the administration plans to forgive up to $10,000 of federal student loans for borrowers who make less than $125,000 annually and haven't received a Pell Grant. Pell Grant recipients will receive up to $20,000 in student loan forgiveness.

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