PSLF Overview Flyer

Public Service Loan Forgiveness What is it? Higher education There’s no doubt that $63,100 Non-profit student loan debt has health care If this, is you, you become a huge burden for $56,000 might be able to benefit people of all ages, but it’s from Public Service Loan a problem that affects Forgiveness (PSLF), people in education and designed to reward those who healthcare in particular. choose jobs in public service. Based on self-reported student AVERAGE What’s on offer? The unique debt information from individuals STUDENT opportunity to have your federal using Fidelity’s Student Debt DEBT PER Tool. As of December 31, 2020 EMPLOYEE loan balances forgiven tax-free. How do I qualify? You need to meet five key eligibility criteria in order to qualify: 1 2 Work for a qualifying employer Work full-time That means tax exempt groups You can have any role, but it must be classified as a non-profit by the IRS. full-time. Here’s how you determine that: Governmental Public schools agencies & universities How your employer 30+ hours defines your role per week The military Non-profit hospitals Charities (e.g., 501(c)(3) organizations) Full-time Note that public service employees who work for Labor Unions and partisan political organizations do not qualify.