Fact vs. Fiction Archive

Indirect loans do not qualify for the Public Service Loan Forgiveness Program (PSLFP).

If you have other types of federal student loans, such as a Perkins, Stafford, or Federal Family Education loan, ask whether you can consolidate that debt into a direct consolidation loan. Keep in mind, though, that if you consolidate direct and indirect loans, only loan payments made after the consolidation is complete count toward the 120 payments you need to make to take advantage of PSLFP. In other words, consolidation resets the count.

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