The correct answer to ensure your 120 on-time monthly payments count toward Public Service Loan Forgiveness (PSLF) is Option C: Ensuring payments are made under a qualifying repayment plan for federal Direct Loans.
How to explain
To qualify for PSLF, it's crucial to make payments under specific repayment plans designed for federal Direct Loans. These repayment plans, such as Income-Driven Repayment, allow borrowers to make manageable payments based on their income.
It's essential to maintain full-time employment with a qualifying employer while consistently making these payments for 120 months to be eligible for PSLF, ensuring the progress toward loan forgiveness under this federal program.
The Complete Question
which of these things must be true in order to make sure your 120 on-time monthly payments are counting towards pslf?
A. Making payments under a private loan provider.
B. Working for a for-profit corporation.
C. Ensuring payments are made under a qualifying repayment plan for federal Direct Loans.
D. Having a mix of federal and private student loans.