The first forgiveness of student loan balances under the Public Service Loan Forgiveness Program goes into effect for government employees October 2017. The program offers forgiveness for remaining balances due on William D. Ford federal direct loans after employees have made at least 120 loan payments after Oct. 1, 2007, while employed full-time by certain public service employers. Loan forgiveness is available only for direct loans; however, loans made under other federal student loan programs may become eligible for the program if they are consolidated into a direct consolidation loan. For more information, visit the Federal Student Aid website.
For more on military education benefits, visit the Military.com Education section.