Under the Public Service Loan Forgiveness (PSLF) program, borrowers may qualify for forgiveness of the remaining balance due on their eligible federal student loans after they have made 120 payments on those loans under certain repayment plans while employed full time by certain public service employers.

• Loan Forgiveness for Public Service Employees Fact Sheet
• Loan Forgiveness for Public Service Employees Common Questions

Income-Based Repayment (IBR) and Pay As You Earn (PAYE) Repayment Plans

IBR and PAYE are repayment plans for the major types of federal student loans that cap your required monthly payment at an amount intended to be affordable based on your income and family size. They are designed to reduce monthly payments to assist with making your student loan debt manageable. If you need to make lower monthly payments, these plans may help.

Please visit the inks below to learn more:

• Income-Based Repayment (IBR)
  • Income-Based Repayment (IBR) fact sheet
  • Income-Based Repayment Program Common Questions
• Pay As You Earn (PAYE)
  • Pay As You Earn fact sheet