Student Loan Forgiveness: Are student loans being forgiven after 10 years?

THere are many people in the United States who may feel bogged down by their student loan debtbut the Public Service Loan Forgiveness (PSLF) program was brought in during 2007 to help individuals pay it off in a quicker and easier manner.

As part of the federal program, any eligible borrowers are able to have their loans cleared after 10 years if they meet some qualifying requirements.

Are student loans being forgiven after 10 years?

In order to have yours student loan forgiven after a 10-year period, some of the requirements that need to be met are as follows:

  • You must be working full-time for the government or an eligible non-for-profit in a certain field, like firefighting, teaching, government, nursing, public interest law, military, or religious work
  • You need to have made payments for 10 years, totalling 120 payments for the full amount inside 15 days of the date the monthly payments goes out.
  • You need to have a loan (s) in the federal direct loan program, although you can consolidate your federal loans as one payment as part of the PSLF.

However, some of the type of players that do not qualify for the PSLF include labor unions, partisan political organizations, and for-profit organizations, which include for-profit government contractors.

Student debt help

In order to try and help alleviate some of the student loan debt that thousands of borrowers have, the Department of Education is looking to take measures in the next few months to ease the pressures on many post-graduate Americans.

If you want to find out more information about this, the PSLF Help Tool is available to help individuals understand more about the PSLFwork out whether your employer qualifies for the program, and it explains some of the things that need to happen in order to get the PSLF.


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