What is the main purpose of public service loan forgiveness?

The primary purpose of public service loan forgiveness is to relieve public service employees from their remaining student loan balance after they have made a specified number of qualifying payments while working for qualifying employers. This program is designed to encourage individuals to pursue careers in public service by making it financially feasible for them to do so. Under this initiative, after making 120 qualifying monthly payments under a qualifying repayment plan while employed full-time by a qualifying employer, borrowers can have the remaining balance of their Direct Loans forgiven.

This program specifically targets those who dedicate their careers to public service, thereby providing an incentive for professionals in government, education, healthcare, and non-profit sectors. The other options do not align with the fundamental aim of the program, which focuses on forgiveness rather than loan rewards, interest reduction, or consolidation.