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Public Service Loan Forgiveness (PSLF)

The PSLF program grants students the opportunity to reduce their debt by working full-time for qualifying public service entities

Photo of Marcela Laverde
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"The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer."

You may refer to the link below for additional information on specific requirements including: qualifying employment, full-time employment, which loans and repayment plans qualify etc.

https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/public-service

What is a provocation or insight that might inspire others during this challenge?

If we are to rethink the form of payment, then we can consider a form that does necessarily involve MONEY. Alternatively, loan forgiveness could be implemented if we were able to measure the level of social impact that students accomplish post graduation- whether that is in an established nonprofit organization or a startup of their own. A higher the impact = A higher loan reduction

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