HomeFinancial Glossary › PSLF (Public Service Loan Forgiveness)

PSLF (Public Service Loan Forgiveness)

Lending & Mortgages
A federal program forgiving remaining student loan balances after 120 qualifying payments while working for a qualifying employer.

Example

Example: Suppose you take out a $300,000 30-year fixed mortgage at 6.5%. Understanding pslf (public service loan forgiveness) helps you see how your monthly payment of approximately $1,896 is structured — and how this concept affects your total cost over the life of the loan. Use our mortgage calculator to see how pslf (public service loan forgiveness) impacts your specific situation.

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