Your desire to go into public service likely has nothing to do with student loan forgiveness. Maybe you want to change the world, give back, or work in a field where bright minds and giving hearts are desperately needed. Still, student loan forgiveness for those working in public service careers is a nice perk, and it’s estimated that a quarter of the U.S. workforce is employed in a field that may qualify.
Here’s what you need to know if you’re seeking public service jobs, and how to ensure you qualify for public service loan forgiveness.
What are public service jobs?
Perhaps the best part about searching for public service jobs is the huge number of career paths available to you. Here are the types of roles and companies that are both rewarding to work for and qualify for public service loan forgiveness:
- Federal, state, and local government positions
- Americorps or Peace Corps
- Teach for America
- 501(c)(3) not-for-profit organizations
- Military and public health services jobs
- Law enforcement positions
- Public school jobs (both administrative and teaching roles)
- Public service law
It doesn’t so much matter what you do in your job, as long as you are working at an organization that qualifies for public service loan forgiveness.
What do you need?
You can get into a career in public service with any type of degree, but business and liberal arts majors tend to fit in well in the non-profit world. Prefer a job with government instead? Degrees in public administration, economics, and public health will serve you well.
As you climb higher up the ladder in your chosen line of work, additional education may be helpful to move into management positions. Two common advanced degrees are Master of Public Administration (MPA) and Master of Public Policy (MPP), which will require one to two years of additional education.
Even if you don’t have the type of degree recommended for your desired field, you can still take on roles to make yourself more competitive in the job market. Internship opportunities, such as the Pathways Program or the U.S. Department of State’s internship program, are great ways for current students or recent grads to learn the ropes and develop their professional skills. Even something as simple as volunteering for an organization related to your career aspirations can give your resume a competitive edge, and prove your dedication to that line of work.
What matters most, however, is a penchant for empathy and a willingness to work your way up through the organizations. Non-profits and public service positions often work similarly to startups; funds and resources are limited, so everyone has to pitch in and fill multiple capacities.
Consider your interests
Before you start your search, take some time to decide what’s really important to you in a public service job. Is there a specific issue you care deeply about, a particular organization you dream of working with, or certain tasks you envision yourself doing? Do you want to provide aid in your local community, or serve the public in other countries? Is it important that you work in the field, or do you prefer a desk job?
Create a list of a few non-negotiables that you need to be happy, and each time you consider applying for a job, run through your list to ensure it will meet your needs. While it’s important to keep an open mind during your search, making sure each position meets your basic expectations will ensure the right fit when you do land a gig. In addition, it can stop you from wasting time on applications for jobs that you aren’t what you really want.
Where to search for public service careers
Newly minted graduates who desire a career in public service may want to start with national options like Teach for America or the Peace Corps in order to gain real-world work experience and training. Large organizations like these typically have more entry-level positions available, and a greater variety of roles and issues you can contribute to. If you’re not sure what exactly you want to do for your public service career, national organizations like these could be a good place to discover where your interests truly lie.
Others seeking jobs in this field can search on a public service jobs list such as:
Automate the process as much as possible by signing up for job board newsletters and setting up public service job alerts at more traditional employment sites like Indeed and Monster. As with any job search, networking with those in your desired industry and interning with relevant organizations go a long way, too. Don’t be afraid to reach out and ask for informational interviews with public service workers you admire.
How to qualify for public student loan forgiveness
To qualify, you must be employed full-time (or work a total of 30 hours at two qualifying part-time jobs) at an eligible public service or non-profit job. You have to be employed at a qualifying organization at the time you apply, and you must also have made 120 eligible on-time payments in no less than 10 years.
Carefully track your public service employment history with W-2s and paystubs, and update the program whenever you change jobs. It’s recommended that borrowers interested in PSLF fill out and submit the Employment Certification for Public Service Loan Forgiveness form. Once you’ve made your 120th payment, you must fill out the application, which has yet to be released from the Dept. of Education.
While the paragraphs above may indicate a lot of hoop-jumping in order to qualify for public service student loan forgiveness, eligible applicants can receive forgiveness on their remaining loan balance after they qualify. This could potentially be worth tens of thousands of dollars in student loan forgiveness, so the work seems worth it, particularly for those with high student loan debt.
Whether you’re a new grad searching for your first job or a young professional looking for more fulfilling work, finding a career in public services is a path that could set you up for future professional (and financial) success.
Interested in refinancing student loans?Here are the top 6 lenders of 2019!
|Lender||Variable APR||Eligible Degrees|
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1 Important Disclosures for SoFi.
2 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.50% APR (with Auto Pay) to 7.27% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of April 17, 2019, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 04/17/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at firstname.lastname@example.org, or call 888-601-2801 for more information on our student loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
3 Important Disclosures for Laurel Road.
Laurel Road Disclosures
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
All credit products are subject to credit approval.
Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.49% effective March 10, 2019.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.50% – 7.27%1||Undergrad & Graduate|
|2.50% – 7.12%3||Undergrad & Graduate|
|2.81% – 8.79%4||Undergrad & Graduate|
|2.50% – 6.65%2||Undergrad & Graduate|
|2.55% – 7.12%5||Undergrad & Graduate|
|3.00% – 9.74%6||Undergrad & Graduate|