Public Service Loan Forgiveness (PSLF) is a federal program designed to forgive the remaining balance on Direct Loans for borrowers who work in qualifying public service jobs. To be eligible, borrowers must make 120 qualifying monthly payments while employed full-time by a government or non-profit organization. The program aims to encourage individuals to pursue careers in public service by alleviating the burden of student loan debt. To apply for forgiveness, borrowers must submit the PSLF application after meeting the payment and employment requirements, ensuring they have documented their qualifying payments and employment history.