Between July 2023 and March 2024, we partnered with the Illinois Department of Financial and Professional Regulation (IDFPR) on a monthly webinar series. Each webinar focused on a different aspect of the return to repayment and highlighted an action item to focus on.
Action Item: Explore Public Service Loan Forgiveness
Public Service Loan Forgiveness was designed to encourage college graduates to work in public service. Under the PSLF program, the remaining balance can be forgiven after 120 qualifying monthly payments (10 years) in a qualifying repayment plan while working for a qualifying employer.
Use your FSA ID & password to log into the Loan Simulator to explore your repayment & forgiveness options.
Remember, private student loans are not eligible for PSLF, so make sure you understand the types of loans you have or are taking out before relying on loan forgiveness as an option to manage your student loan debt.
You can access links we shared in the chat during the webinar by downloading the Student Loans Updates Links Sheet, which also contains information for every webinar in the series.
