Participants in Public Service Loan Forgiveness (PSLF) and income-driven repayment (IDR) plans are eligible to get loan forgiveness after making a certain number of qualifying loan payments. And thanks to a major rule change, the Department of Education could be adding months, or even years to the time you're credited with.
The Department of Education is giving millions of borrowers more credit toward loan forgiveness.
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Matt Frankel, CFP, is a contributing Motley Fool stock market analyst and personal finance expert covering financial stocks, REITs, SPACs, and personal finance. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, The National Desk, and other TV networks and publications for his financial, stock market, and investing expertise.