If you work for a non-profit, state, or federal government entity for 10 years, you are eligible for student loans to be forgiven.

If you haven’t heard, you are eligible to have student loans forgiven if you work for a non-profit, or governmental entity for 10 years. You must make the minimum and never miss a payment.The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer. via: Student Loan ForgivenessPersonal story: My wife is currently on this plan and will only pay out a total of $24,000 over the 10 year period. This is much less than her student loan total (bachelors, masters degree, and multiple certifications).Edit: I’m seeing a common theme of “why should the tax payers front this money?” This was setup for individuals who prefer to major in areas that don’t pay well and serve the community around them (social workers, nurses, caregivers, etc.). These people can major in business and make money, but prefer to help the community around them.Edit 2: No. According to the Internal Revenue Service (IRS), student loan amounts forgiven under PSLF are not considered income for tax purposes. For more information, check with the IRS or a tax advisor.Edit 3: Please read the link but TLDR: Loan must be the following: -Direct -Income Based Repayment Plan -120 eligible (not consecutive) payments -The right employerEdit 4: This only applies in the US. via /r/personalfinance http://ift.tt/2EfOx9c

If you haven’t heard, you are eligible to have student loans forgiven if you work for a non-profit, or governmental entity for 10 years. You must make the minimum and never miss a payment.

The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer. via: Student Loan Forgiveness

Personal story: My wife is currently on this plan and will only pay out a total of $24,000 over the 10 year period. This is much less than her student loan total (bachelors, masters degree, and multiple certifications).

Edit: I’m seeing a common theme of “why should the tax payers front this money?” This was setup for individuals who prefer to major in areas that don’t pay well and serve the community around them (social workers, nurses, caregivers, etc.). These people can major in business and make money, but prefer to help the community around them.

Edit 2: No. According to the Internal Revenue Service (IRS), student loan amounts forgiven under PSLF are not considered income for tax purposes. For more information, check with the IRS or a tax advisor.

Edit 3: Please read the link but TLDR: Loan must be the following: -Direct -Income Based Repayment Plan -120 eligible (not consecutive) payments -The right employer

Edit 4: This only applies in the US.