What does /adv/ think about Public Service Loan Forgiveness? I graduated with my Masters degree a few months ago and work in a position that qualifies for it. Needless to say I am in a SHIT ton of financial aid debt and am wondering if this is a good path to take. Basically I would have to consolidate all of my loans and make 120 income-based payments in no less than 10 years. Whatever is left of my student loan debt after the 120 payments is "forgiven." I feel like it sounds too good to be true. Can anyone offer any advice?