So I am currently on the SAVE plan and was supposed to have my loans forgiven via that plan. But here we are. I am a state government employee (have been for 4 years) and would qualify under the PSLF but I’m not sure if I’m understanding that that is also going away or just changing? Is it better for me to go under the PSLF would my payment tracker start over? Or is it better to do income driven or can I do both. As I look I just get more confused and I think I’m muddling ideas.
Any advice or insight is much appreciated!
Posted by Patient-Mix4217
1 Comment
PSLF isn’t a payment plan. It’s a forgiveness program. And it’s not going away.
Read about PSLF here: [https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service](https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service)
You use IDR plans to make payments that qualify for PSLF forgiveness. Once you make 120 qualifying payments on eligible loans while working qualifying employment you would get PSLF forgiveness. You should choose the IDR plan that gives you the lowest monthly payment.
You should also be certifying your employment with your employer at least once a year to keep track of your progress. Your PSLF tracker would be visible on studentaid.gov if you have certified employment. Here is the help tool to certify: [https://studentaid.gov/pslf/](https://studentaid.gov/pslf/)