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Federal Direct Loan

Student loans made directly by the U.S. Department of Education, distinct from older federal loan programs or private loans.

Public Service Job

Employment with a government organization (federal, state, local, or tribal) or a not-for-profit organization that is tax-exempt under Section 501(c)(3) of the Internal Revenue Code.

Loan Forgiveness/Cancellation

The act of discharging a borrower's obligation to repay all or some of their student loan debt, typically under specific conditions like public service.

Deferment

A temporary pause in student loan payments during which interest may or may not accrue, depending on the loan type and deferment conditions.

Higher Education Act of 1965

The federal law that authorizes most federal student aid programs, including various student loan programs and the Public Service Loan Forgiveness program.

120 monthly payments

The equivalent of 10 years of payments, typically required for full loan forgiveness under the Public Service Loan Forgiveness program.