Higher education can enhance future job prospects but may also be financially challenging for some individuals to repay borrowed funds upon entering the workforce.
Source: The Star
PSLF Program for Student Loans: Higher education isn’t without its drawbacks, even though it can boost one’s chances of getting a higher-paying job in the future. Some individuals may find it financially debilitating to repay the money they borrowed during their studies when entering the workforce.
Access to financial assistance for student loan repayment is possible through the Public Service Loan Forgiveness Program.
The PSLF is open to all organizations exempt from federal, state, local, or tribal taxes under Section 501(c)(3) of the Internal Revenue Code.
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Non-profits must assign the majority of their full-time equivalent employees to one of the following categories:
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PSLF eligibility requires 120 qualifying monthly payments over at least ten years.
Additionally, you must be working for a qualified employer at the time you submit your form.
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