If you’re a federal employee, you have more options than just Public Service Loan Forgiveness and Income-Driven Repayment Forgiveness.
And the best part?
You can often use these programs along with PSLF and IDR to speed up your loan relief.
The Federal Student Loan Repayment Program
This program helps federal agencies attract and keep top-notch employees by offering to pay off some of their federal student loans.
Who Can Get It: Your agency decides whether you’re “highly qualified,” meaning you have skills they really need.
What Loans Qualify: Only federal student loans. No private loans.
Parents Take Note: If you borrowed federal loans for your child, you could be eligible, too.
How Much Help: You can get up to $10,000 a year, but there’s a $60,000 lifetime cap.
Tax Catch: The money you get counts as income, so you’ll pay taxes on it.
How to Get This Benefit
There’s no standard application. Instead, check your agency’s website or ask your boss for info. If you’re already on the job, your supervisor can fill you in on how to qualify.
Perkins Loan Cancellation
This isn’t just for federal employees, but it’s still worth looking into.
Mix and Match for Maximum Relief
You don’t have to pick just one program. Many federal employees mix and match PSLF, IDR, and other programs to get the most loan relief possible.
Smart Move: If you’re eligible for more than one program, talk to a loan expert to plan your best strategy.