Income-Based Repayment (IBR) is a repayment plan for the major types of federal student loans that…
The U.S. Department of Education's Federal Student Aid Office has created a fact sheet for the Public Service Loan Forgiveness Program (PSLF). The PSLF Program is intended to encourage inividuals to enter and continue to work full-time in public service jobs. To have the remaining balance of your loans forgiven, borrowers must have paid a total of 120 qualifying payments.
These include any job where you would be working for a public service organization (federal, state, local, or tribal government organization - a non for profit 501(c)(3) - or a private non for profit organization).
Working full time means working for at least 30 hours a week.
This fact sheet will give you information and help to answer some of the following questions:
To view the PDF, download the factsheet from the right hand column.
Fostering Success Michigan is a program of The New Foster Care that aims to increase access and success in higher education and post-college careers for youth with experience in foster care. Learn how you can contribute to building a holistic network that insulates (i.e., strengthens protective factors and reduces risks) the education to career "pipeline."Make a Donation