UPDATE: Loan Forgiveness Now Includes Pastors
There have been some changes to the Public Service Loan Forgiveness Qualifications. Please review the information below:
- Federal loan forgiveness for those in non-profits has been available for a while. Individuals would pay 10-15% of their income toward direct student loans for ten years, and then the rest is forgiven.
- Pastors etc. weren’t eligible for this loan forgiveness.
- Now pastors are eligible.
- The window for getting past payments forgiven (so you can actually get cash back), as well as getting on a payment plan going forward will close on October 31, 2022—this year.
For more details CLICK HERE