This Business News Story Was Uncovered By Us From: http://www.youngadultmoney.com/2019/02/11/public-service-loan-forgiveness/
This exclusive trade connected news Feature, was selected specifically by Marcus lee, who is one of our undercover online business news reporters – will give you more insight in how these points of discussion could be decoded into your own business projects.
How would you like to have your student loans forgiven? Tax free?
This is a silly question to ask. Anyone with student loans would like to have their forgiven tax free!
Many are becoming aware that there is a way to have your student loans forgiven through a process called Public Service Loan Forgiveness, or PSLF for short.
2018 was the first year that anyone would be eligible for student loan forgiveness through PSLF. Now that there are recorded cases of people having their existing loans forgiven, PSLF is getting more and more attention from the media.
But there are certain requirements. Not everyone is eligible for PSLF, but there are many who are. Let’s start by looking at the specific requirements for PSLF.
The Requirements of Public Service Loan Forgiveness
There are a few core requirements for PSLF. First, you must make 120 qualifying payments while on a qualified repayment plan while working for a qualifying employer. That means you can have your loans forgiven in as little as ten years (120 monthly payments = 10 years), though these payments do not have to be consecutive.
To re-iterate the core requirements, you must…
…be on a qualified repayment plan…have a qualifying loan or loans…work for a qualifying employer
Easy enough, right? Just kidding. Let’s look at each of these requirements one-by-one.
Qualif… Read More
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