The Federal Government offers a variety of student loan forgiveness programs but the most popular is the Public Service Loan Forgiveness Program.  It offers the biggest tax free benefit if you have a significant amount of student loan debt.  The plan does have some specific rules but does allows flexibility in qualifying as your life changes.

Unlike other student loan forgiveness programs this payment is tax free.  This is a significant advantage over some of the other loan forgiveness programs.

A misunderstanding of this plan is that  the 120 payments need to be consecutive. This is not true and is one advantage of the program.  The program requires 120 on time payments but they do not need to be consecutive.  This offers many people increased flexibility over time as you may change careers or employers.

Proper documentation is required to qualify for this loan forgiveness plan.  Having tax returns will not be enough.  Visit our resource page for the additional information.

Understanding the rules within this plan, other plans that your employer may offer and which repayment plan you select all need to part of your student loan repayment plan.  Get the details of the Public Service Loan Forgiveness here:

  • Direct Student Loan and Consolidation impact
  • Only certain repayment plans qualify
  • Type of job and employer are important
  • Good record keeping is critical


If you need additional information please visit more information on our Services page. Detailed information on professional help is available by contacting us.