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