Public Service Loan Forgiveness
Public Service Loan Forgiveness (PSLF) forgives the remaining balance on Direct Loans after 120 qualifying monthly payments while working full-time for a qualifying public service employer, including government and non-profit organizations.
Award Amount
$50,000–$200,000
per year
Deadline
Ongoing
application due
GPA Required
None
minimum
Field of Study
Any
eligible majors
Eligibility Checker
Enter your information below to check if you meet the basic eligibility criteria for the Public Service Loan Forgiveness.
Requirements Checklist
Track your progress — check off requirements as you complete them.
0/4 completeApplication Tips
Submit Employment Certification Form annually
Consolidate non-Direct loans into Direct
Income-driven repayment plans count
Forgiven amount is tax-free
Scholarship Value Calculator
Annual Value
$200,000
per year
4-Year Total Value
$200,000
one-time award
Loan Interest Saved
$70,000
at 6.5% over 10 years
Pro tip: Every dollar in scholarship funding saves roughly $1.35 compared to borrowing the same amount through student loans at 6.5% interest over a 10-year repayment period.
Eligibility Details
| Eligibility | Borrowers working full-time for qualifying public service employers who have made 120 qualifying payments |
| Demographics | Public service employees |
| Field of Study | Any |
| Type | federal |
| Renewable | No — one-time award |
Frequently Asked Questions
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