Only Direct Loans Are Eligible for Public Service Loan Forgiveness
Public Service Loan Forgiveness (PSLF) is available for Direct Loans ONLY. If you have older federal loans from the FFEL Program, Perkins loans, or Health Professions Student Loans, you may consolidate those into a Direct Consolidation Loan (which is eligible for PSLF) and then start making payments towards forgiveness. Any payments you may have made on the ineligible loans before they were consolidated into Direct do not, cannot and will never count toward the required 120 qualifying payments. Sorry. I don’t make the rules,…
