Tuesday, March 24, 2009

Stafford Loan Forgiveness For Public Service

Loan forgiveness is available for any public service employee who is not in default and who makes 120 monthly payments on their loan after Oct. 1, 2007.
It is also important to note that your loans need to be held with the Direct Loan Center to be eligible for this benefit.
Public Service jobs fall into one of seventeen categories.
Emergency management
Public safety
Military service
Public health
Law enforcement
Government
Public education
Social work
Public child care
Public serivce for those with disabilities
Public service for the elderly
Public library sciences
School based library sciences
Certain tax exempt organizations
Faculty teaching in high need areas
Full-tim faculty at a Tribal College or University
Public interest law services
Also, keep in mind that in the case of the parent PLUS loan, the qualifying employee must be the parent, not the student whose behalf the loan was released.

No comments:

Post a Comment