Excerpt: “Public servants staff our schools, hospitals, local governments, military, and non-profit organizations, providing essential services to the American people. Given persistent wage differences between comparable jobs in the public and private sectors, Congress created the Public Service Loan Forgiveness (PSLF) program in 2007 through the passage of the College Cost Reduction and Access Act. PSLF allows for outstanding federal student loan balances to be forgiven for public service workers who have completed 10 years of full-time service and made qualifying monthly payments on their loans for 120 months. As we detail in this blog, PSLF makes it financially feasible for students with post-secondary debt to pursue public service careers which play a vital role in our communities and our economy.”
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