Can physcian assistants qualify for public services loan forgiveness?

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Ryder Purdy asked a question: Can physcian assistants qualify for public services loan forgiveness?
Asked By: Ryder Purdy
Date created: Wed, Dec 30, 2020 9:50 AM
Date updated: Tue, Sep 27, 2022 6:46 PM

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7. Public Service Loan Forgiveness (PSLF) This national program is available to physician assistants, among other professions… To qualify, you must first consolidate your federal loans into a direct consolidation loan if they are not already part of the direct loan program.

This national program is available to physician assistants, among other professions. The Public Service Loan Forgiveness (PSLF) program offers student loan forgiveness for those who work full-time in governmental organizations, 501(c)(3) not-for-profits and other types of public service organizations.

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The Public Service Loan Forgiveness Program encourages individuals to enter and continue working in a full-time capacity in public service positions. Physician assistants working for non-profit or government organizations providing emergency management services, care for individuals with disabilities and/or the elderly, or public health services may be eligible for the program.

2. PSLF will increase competition for public service jobs. From a public policy standpoint this is a good thing, since under-served clinics will be more likely to attract providers, who would now be eligible for both NHSC or IHS loan repayment assistance, as well as back-end 10 year loan forgiveness for any remaining debt.

Public Service Loan Forgiveness is a program created by the Federal Department of Education to incentivize physicians and other professionals to pursue careers in public service. Physicians who work for a qualifying government or non-profit institution can receive forgiveness for all remaining federal direct loans, after making 120 qualifying payments over a ten year period.

The biggest caveat to the public service loan forgiveness program is that physical therapists must work in the public sector for 10 years and make 120 qualified payments on their loans. Physical Therapists who work in private clinics are not eligible for PSLF.

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