Public Service Loan Forgiveness (PSLF) for Ministers and Church Employees

New legislation passed in July 2021 extended the Public Service Loan Forgiveness to the student loans of ministers and other employees of non-profit, faith-based entities, including churches.  Therefore, under the Public Service Loan Forgiveness (PSLF) Program, ministers and church employees are afforded the opportunity to qualify for student loan forgiveness after reaching certain qualification levels, generally after making payments for 10 years. 

The Church of God Benefits Board, in partnership with the Church Benefits Association and Church Pension Group, hosted a webinar last month highlighting the qualifications of the PSLF program and how ministers and church employees can apply for student loan forgiveness under the program.  For those who were unable to attend, or for anyone who would like to watch the presentation again, a recording of the webinar is now available via our website.  To access, click on the Resource tab, then Public Service Loan Forgiveness.  Additional information, including the PowerPoint presentation and a resource list on the PSLF program, are available on our site. 

Should you have any questions regarding the PSLF Program, you can visit the government’s website directly at https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service.

About benefitsboard

Art Rhodes is the President and CEO of the Church of God Benefits Board, Inc. - the administrator of the Ministers' Retirement Plan and the Church Loan Fund, Inc. The corporate offices of the Benefits Board are in Cleveland, TN.
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