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What Is Public Service Loan Forgiveness?

There are three requirements of what makes up public service loan forgiveness for student loans. According to CNBC, it’s the following.

  1. They have to federal direct loans.
  2. Employers must be government level organizations, a 501(c)(3) not-for-profit, or another type of nonprofit that provides public services.
  3. You will have had to make 120 on-time payments.

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Image via Inside Higher Ed.

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