A Federal Program
In addition to the state, federal and/or county programs found in the AAMC database, there is also a federal program, Public Service Loan Forgiveness (PSLF), that may be of interest to federal loan borrowers. After meeting the requirements for PSLF, if a borrower has a remaining federal Direct Loan balance, their loan balance is forgiven, and the amount forgiven is non-taxable.
To qualify for PSLF, borrowers must:
- Have Direct Loans in good standing.
- Be employed full time by a qualifying employer.
- Make 120 qualifying monthly payments.
- Be enrolled in a qualifying repayment plan.