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.
On October 25, 2022, ED confirmed periods qualifying under the IDR waiver opportunity will count toward PSLF, provided the borrower certifies qualifying employment during those periods.
Commercially held Federal Family Education Loan Program (FFELP) loans may qualify, but only if you consolidate them into a Direct Consolidation Loan by the end of 2023.
For more information, please visit StudentAid.gov.
|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|
||Dismisses your monthly loan payments and the remainder of your loan|