Great News! This could save people thousands of dollars. One COGIC member received a savings of $30,000. As a not-for-profit, tax-exempt organization under 501(c)(3) of the internal revenue code, COGIC employees may be eligible to qualify for a loan forgiveness program.
The PSLF Program is intended to encourage individuals to enter and continue to work full- time in public service jobs. Under this program, you may qualify for forgiveness of the remaining balance due on your William D. Ford Federal Direct Loan (Direct Loan) Program loans after you have made 120 qualifying payments on those loans while empl oyed full -time by certain public service employers. Since you must make 120 qualifying payments on your eligible federal student loans after Oct .1, 2007 , before you can qualify for the loan forgiveness, the first forgiveness of loan balances will not be granted until October 2017
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