If you have a federal student loan and work full time for the government or a qualified charity, you may well qualify for the Public Service Loan Forgiveness program. This allows you to make 120 monthly payments and have any remaining balance forgiven. But what constitutes "full time"?

According to the Department of Education, you must meet your employer's definition of full-time, but for the purposes of this program, that definition must be at least an annual average of 30 hours per week.

However, if you work at a qualified not-for-profit organization, those hours do not include time spent participating in religious instruction, worship services, or any form of proselytizing.

Teachers Qualify Too!

Are you a teacher? No problem! If you are under contract for at least eight out of 12 months, you meet the full-time standard, as long as you work an average of at least 30 hours per week during the contractual period and receive credit by your employer for a full year's worth of employment.

Do you have more than one qualifying part time job? Again, no problem! If you are employed in more than one qualifying part-time job simultaneously, you may meet the full-time employment requirement if you work a combined average of at least 30 hours per week with your employers.

So What Do I Do?

If you live in southern New Jersey and would like to consult with me on your loans or if you qualify for Public Service Loan Forgiveness, please feel free to call my office at 856-432-4113 or contact me through this site to schedule an appointment in my Woodbury office to discuss your case.

If you would like more information about student loans, you can dowload my free book, I Graduated; Now What? A Guide to Dealing with Your Student Loans.

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Steven J. Richardson
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Bankruptcy, Collections, Student Loan, DUI and Traffic Court attorney in Woodbury, NJ.