These Jobs Qualify For Student Loan Forgiveness Under Public Service Program

  • 📰 Forbes
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

Education Education Headlines News

Education Education Latest News,Education Education Headlines

New developments may only add to the confusion about who qualifies for student loan forgiveness under a program geared towards borrowers working in the nonprofit and public sector.

. Both initiatives temporarily broadened the definition of “qualifying payments” to include other types of federal student loans and repayment plans, as well as some past periods of deferment and forbearance. However, these initiatives largely left intact the definition of qualifying employment.

Contractors performing services for qualifying entities may not be eligible if the contractor itself is not qualifying. “If you were hired by a government contractor and the contractor issues your Form W-2, you are employed by the contractor. In this case, although you may be doing work for a qualifying employer , you are not an employee of the qualifying employer,” according to Education Department guidance.

Similarly, employment for U.S.-based government agencies and organizations qualify for PSLF, but working for a foreign government does not. Working for an international nongovernmental organization generally does not count, either, with some narrow exceptions. “If you work for a U.S. delegation to an international, intergovernmental organization, such as the U.S. mission to the United Nations, your employment qualifies because your employer is the U.S. government,” says department guidance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The national student loan interest that should be repaid within 2023 will be exempted for loan students who graduated in 2023 and before…It's true, but it happened in China

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in EDUCATİON

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These Jobs Qualify For Student Loan Forgiveness Under Public Service ProgramNew developments may only add to the confusion about who qualifies for student loan forgiveness under a program geared towards borrowers working in the nonprofit and public sector. Don’t bail out criminally mismanaged banks, rather bail out students from student loans, lower skyrocketing college tuition, and support non-degree needing career industries!
Source: Forbes - 🏆 394. / 53 Read more »