STUDENT LOANS:

FORGIVEN?

It's not only possible, it's just a few clicks away!

5 Simple Steps to

Financial Freedom

PFN makes the process simple and straightforward

STEP 1

Determine if you qualify


STEP 2

CALL WITH ARBITRATOR


STEP 3

PROGRAM QUOTE PROVIDED


STEP 4

ENROLL INTO PROGRAM


STEP 5

Sit back & FOLLOW PROCESS


“Less than 25% of households are debt free”

Does Your

Debt Qualify?

Have over $25,000 in Federal Student Loans?

Not Actively Enrolled in School

You May Qualify!

GET A CUSTOM

SOLUTION FOR YOU

TAKE THE FIRST STEP

Find out if you qualify:

FAQ about Student Loan Forgiveness

What is the Public Service Loan Forgiveness (PSLF) Program?

The PSLF Program was established to encourage individuals to work in public service by forgiving the remaining balance of their Direct Loans after they have made 120 qualifying payments while employed by a qualifying employer.

What are the eligibility requirements for loan forgiveness under the PSLF Program?

You must be employed full-time by a qualifying employer when you make each of the required 120 qualifying payments on your Direct Loans, and also at the time you apply for loan forgiveness after making the last of those 120 payments, and when you receive loan forgiveness.

Are loan amounts forgiven under PSLF considered taxable by the IRS?

No. According to the Internal Revenue Service (IRS), student loan amounts forgiven under PSLF are not considered income for tax purposes. For more information, check with the IRS or a tax advisor.

Does my income level determine eligibility for PSLF?

There is no income requirement to qualify for PSLF. However, since your required monthly payment amount under most of the qualifying PSLF repayment plans is based on your income, your income level over the course of your public service employment may be a factor in determining whether you have a remaining loan balance to be forgiven after making 120 qualifying payments.

Will the PSLF Program exist by the time I have made my 120 qualifying payments?

We cannot make any guarantees about the future availability of PSLF. The PSLF Program was created by Congress, and Congress could change or end the PSLF Program.

I have federal student loans from a program other than the Direct Loan Program. Can I qualify for PSLF?

PSLF is available only for Direct Loans. However, if you have loans made under another federal student loan program, you may consolidate those loans into a Direct Consolidation Loan, which is eligible for PSLF.