Loan Forgiveness and Discharge
See if you qualify to have your loan debt reduced or eliminated, depending on your professional or personal situation.
Program | You may qualify if… | How it works… |
---|---|---|
Teacher Loan Forgiveness | Your loans were disbursed after 10/1/1998 and you teach full-time for 5 consecutive and complete academic years at a Title I school or educational service agency that appears on the Department of Education's (ED) Annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits. | Forgives part or all of your educational loan debt, provided you fulfill certain work-related requirements |
Loan Discharge | Your school:
|
Dismisses your monthly loan payments and refunds payments you have already made |
Total and Permanent Disability |
|
Cancels your obligation to repay the balance of your student loans |
Public Service Loan Forgiveness (PSLF) |
NOTE: You can work part-time at more than one qualifying job at the same time, provided you work an average of at least 30 hours a week with these employers. Additional eligibility requirements can be found on StudentAid.gov/PSLF, including information about the PSLF program, how to check if your employer qualifies, and to learn about any necessary steps you need to take. |
Forgives the remainder of your Direct Loan balance after you make 120 qualifying payments under an eligible repayment plan (including other eligible periods), while employed full-time for a qualifying public service organization |
Death |
|
Dismisses your monthly loan payments and the remainder of your loan |