The benefits of a career in public service are endless. For those struggling to pay off the last of their student debt, Public Service Loan Forgiveness (PSLF) is one of many perks to consider.
How it Works:
After 10 years working full-time in a public sector job (you’ll have made 120 qualified payments on your loans by then), PSLF will pardon whatever loans you have left to repay. It might not relieve the entirety of the financial burden, but it gives an extra incentive to pursue the career you want while alleviating some of the stress of student debt.
As an added bonus (if you’re pursuing an MBA), a handful of business schools around the country offer similar programs aimed at ensuring their graduates thrive in the nonprofit field. Benefits stretch out over multiple years and in some cases add up to $100,000—all aimed toward repaying student loans.
In other words, you definitely want to check it out.
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