Public Service Loan Forgiveness (if consolidated into Direct Loan)
GPTKB entity
Statements (24)
Predicate | Object |
---|---|
gptkbp:instanceOf |
Student Loan
|
gptkbp:administeredBy |
gptkb:U.S._Department_of_Education
|
gptkbp:application |
submit Employment Certification Form annually
submit PSLF application form |
gptkbp:appliesTo |
gptkb:Direct_Consolidation_Loans
gptkb:Direct_PLUS_Loans gptkb:Direct_Subsidized_Loans gptkb:Direct_Unsubsidized_Loans Direct Consolidation Loans that repaid FFEL or Perkins Loans |
gptkbp:eligibility |
have Direct Loans
make 120 qualifying monthly payments work full-time for a qualifying employer Parent PLUS Loans unless consolidated repay under an income-driven repayment plan |
gptkbp:forgives |
remaining balance after 120 qualifying payments
|
https://www.w3.org/2000/01/rdf-schema#label |
Public Service Loan Forgiveness (if consolidated into Direct Loan)
|
gptkbp:introducedIn |
2007
|
gptkbp:qualifyingEmployer |
gptkb:501(c)(3)_non-profit_organizations
government organizations other non-profit organizations providing qualifying public services |
gptkbp:taxImplication |
forgiven amount not considered taxable income (as of 2024)
|
gptkbp:website |
https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service
|
gptkbp:bfsParent |
gptkb:FFEL_Consolidation_Loans
|
gptkbp:bfsLayer |
7
|