Public Service Loan Forgiveness...Loan Forgiveness Diane Perkins, Fidelity Investments January 2018...

Public Service Loan Forgiveness Diane Perkins, Fidelity InvestmentsJanuary 2018

Public Service Loan Forgiveness

1 Federal Reserve Bank of New York, Consumer Credit Panel, 2015.2 National Center for Education Statistics 2011–2012.

Trillion1

Million Americans2

Introducing Public Service Loan Forgiveness

Payments

(That’s about 10 years if you’re counting.)

Federal Budget

Tax Reform

Higher Education Reform

eligible borrowers started the process

US GAO Report # 15-663, 2015

OCTOBER 2017

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Qualifications and Eligibility

Public Schools

Government Agencies

Classified as a Nonprofit

MilitaryNonprofit Organizations

studentaid.ed.gov

Work Full Time

Payments

Federal Direct Loan

Perkins

FFEL

Stafford

PLUS

Income-Driven Repayment Plan

10-year Standard Repayment Plan

Three Things to Watch Out For

Only Federal Loans Are Eligible

Qualifying Repayment Plan Is Required

Don’t Miss YourPayments

Get the Ball Rolling

fidelity.com/forgiveness go.fidelity.com/studentdebtstudentaid.gov

fidelity.com/forgiveness

This information is intended to be educational.

Public Service Loan Forgiveness is a Department of Education sponsored program and is therefore subject to changes made by that government entity. It is not guaranteed.

© 2017 FMR LLC. All rights reserved.

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