CBP full-time employees are eligible to apply for the Public Service Loan Forgiveness (PSLF) program, a federal program designed to encourage college graduates to enter into public service. It offers tax-free forgiveness of student loan debts for government and non-profit organization employees after 10 years of public service and 120 qualifying payments.
CBP employees interested in PSLF can use the PSLF Help Tool to find out what actions are needed to meet eligibility guidelines. Student loan types and payment plans must meet program requirements and may need to be consolidated or restructured to be eligible for forgiveness once the 10-year employment requirement is met.
Not all student loans qualify for PSLF as the program specifies only William D. Ford Direct Loans are eligible. Private loans or other federal student loans may become eligible if you consolidate them into a Direct Consolidation Loan.
Loan payments only count towards the 120 qualifying payments when made under a qualifying repayment plan, for the full amount shown on the bill, no later than 15 days after your due date and while employed by a qualifying employer.
