Sunday, July 25

private student loan

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You may qualify for Public Service Loan Forgiveness, but you’ll still make payments for at least 10 years

Public Service Loan Forgiveness, or PSLF, is mostly for governmental and non-profit workers. You'll need to make 120 qualifying monthly payments to be eligible for forgiveness. The program's track record has been shaky, so don't rely on forgiveness as a cure-all. Read more of Insider's loan coverage here. Federal student loan debt across the country is ballooning, leaving many borrowers unable to pursue other financial goals. The total amount owed to the government is $1.59 trillion, according to the latest figure from the US Department of Education. While the situation may seem bleak, if you work in an eligible public service job, you may be able to take a...