Public Service Loan Forgiveness...Loan Forgiveness Diane Perkins, Fidelity Investments January 2018...

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Public Service Loan Forgiveness Diane Perkins, Fidelity Investments January 2018

Transcript of Public Service Loan Forgiveness...Loan Forgiveness Diane Perkins, Fidelity Investments January 2018...

Page 1: Public Service Loan Forgiveness...Loan Forgiveness Diane Perkins, Fidelity Investments January 2018 Public Service Loan Forgiveness 1 Federal Reserve Bank of New York, Consumer Credit

Public Service Loan Forgiveness Diane Perkins, Fidelity InvestmentsJanuary 2018

Page 2: Public Service Loan Forgiveness...Loan Forgiveness Diane Perkins, Fidelity Investments January 2018 Public Service Loan Forgiveness 1 Federal Reserve Bank of New York, Consumer Credit

Public Service Loan Forgiveness

Page 3: Public Service Loan Forgiveness...Loan Forgiveness Diane Perkins, Fidelity Investments January 2018 Public Service Loan Forgiveness 1 Federal Reserve Bank of New York, Consumer Credit

1 Federal Reserve Bank of New York, Consumer Credit Panel, 2015.2 National Center for Education Statistics 2011–2012.

Trillion1

Million Americans2

Page 4: Public Service Loan Forgiveness...Loan Forgiveness Diane Perkins, Fidelity Investments January 2018 Public Service Loan Forgiveness 1 Federal Reserve Bank of New York, Consumer Credit

Introducing Public Service Loan Forgiveness

Page 5: Public Service Loan Forgiveness...Loan Forgiveness Diane Perkins, Fidelity Investments January 2018 Public Service Loan Forgiveness 1 Federal Reserve Bank of New York, Consumer Credit
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Payments

(That’s about 10 years if you’re counting.)

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Federal Budget

Tax Reform

Higher Education Reform

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eligible borrowers started the process

US GAO Report # 15-663, 2015

OCTOBER 2017

SUN MON TUE WED THU FRI SAT

1 2 3 4 5 6 7

8 9 10 11 12 13 14

15 16 17 18 19 20 21

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Page 9: Public Service Loan Forgiveness...Loan Forgiveness Diane Perkins, Fidelity Investments January 2018 Public Service Loan Forgiveness 1 Federal Reserve Bank of New York, Consumer Credit

Qualifications and Eligibility

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Public Schools

Government Agencies

Classified as a Nonprofit

MilitaryNonprofit Organizations

studentaid.ed.gov

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Work Full Time

Payments

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Federal Direct Loan

Perkins

FFEL

Stafford

PLUS

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Income-Driven Repayment Plan

10-year Standard Repayment Plan

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Three Things to Watch Out For

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Only Federal Loans Are Eligible

Qualifying Repayment Plan Is Required

Don’t Miss YourPayments

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Get the Ball Rolling

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fidelity.com/forgiveness go.fidelity.com/studentdebtstudentaid.gov

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fidelity.com/forgiveness

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This information is intended to be educational.

Public Service Loan Forgiveness is a Department of Education sponsored program and is therefore subject to changes made by that government entity. It is not guaranteed.

© 2017 FMR LLC. All rights reserved.

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