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Frustrated by the Public Service Loan Forgiveness program? These tools can help

Source Date: 
Friday, December 28, 2018

Most people pursuing public service loan forgiveness discover at some point that they don't qualify, for one technical reason or another.

That may be because their loan type is ineligible or they're not in the right repayment plan.

The Public Service Loan Forgiveness program was signed into law by President George W. Bush in 2007 and allows not-for-profit and government employees to have their federal student loans erased after 10 years of on-time payments.

Just 206 applicants for the debt relief have been approved, according to recent Education Department data. More than 40,000 have applied.

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