If you are a public servant, such as first-responder, teacher, government employee, non-profit employee, nurse, etc., you have a limited window to obtain credits for payments made under the Public Servant Forgiveness Program. Under the Public Servant Forgiveness Program, a student loan borrower with qualifying loans is required to make 120 qualifying payments. Then, the balance of their student loan is forgiven. The key word is qualifying!

  • Your loans must be “direct” federal loans. If you have older loans, such as FLLEP loans, you may be able to consolidate loans into a direct loan. You should not consolidate loans without consulting an attorney to be sure this is best for you.
  • You must have been employed working at least 30 hours for a qualifying employer, such as the local, federal or state government; a non-profit and others.
  • To get credit for payments made since 2007, you must have made a payment even if the payment was less than what was required under the PSFP. So, you are getting a pass and an easier way to get credit for one or more of the required 120 payments.

For more information, check out this limited waiver opportunity information.

Need help with your student loans? Contact Cross Stone Law today.