Nonprofit/Public Service Loan Forgiveness Program
The GSB Nonprofit/Public Service Loan Forgiveness Program is part of the school's broader goal to have greater social impact and increase our community's social awareness and accountability.
The objective of the GSB Nonprofit/Public Service Loan Forgiveness Program is to encourage MBAs to enter the public/nonprofit sectors by reducing the financial impact of their educational debt on the relatively low salaries these sectors offer. The program accomplishes this goal by paying a percentage of graduates' GSB loan obligations while they are employed in nonprofit/public service.
The income eligibility for full loan forgiveness is updated annually, and based on a percentage of the median base salary and bonus income of the prior year's graduating class at the GSB. Assets will be considered when determining eligibility. Although a reasonable amount of assets will not disqualify an applicant, substantial amounts of assets may lead to a reevaluation. GSB graduates may apply at any time during their career while they are still in loan repayment status.