The core benefit of Public Service Loan Forgiveness (PSLF) – tax-free forgiveness after 120 qualifying payments with a qualifying employer – is well and widely known.
Because of the tax-free forgiveness, PSLF borrowers are incentivized to maximize the amount of their forgiveness by minimizing the dollar amount of their qualifying monthly payments. In other words, because PSLF is tax-free, the borrower is not penalized by a loan balance that grows each month.1
One of the ways a borrower
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