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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
SUN MON TUE WED THU FRI SAT
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31
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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