Public Service Loan Forgiveness

Student loan forgiveness is a program that allows borrowers to have their student loans partially or fully forgiven, meaning they are no longer required to make payments on the remaining balance. Here’s who may be eligible for student loan forgiveness:

Public Service Loan Forgiveness

The Public Service Loan Forgiveness (PSLF) program is available to borrowers who work full-time for a qualifying employer, such as a government agency or non-profit organization, and make 120 qualifying payments on their federal Direct Loans. Once these requirements are met, the remaining balance of the borrower’s loans may be forgiven.

Teacher Loan Forgiveness

The Teacher Loan Forgiveness program is available to teachers who work in low-income schools or educational service agencies for five consecutive years. Under this program, eligible borrowers may have up to $17,500 of their Direct or FFEL Subsidized or Unsubsidized Loans forgiven.

Perkins Loan Cancellation

Perkins Loan Cancellation is available to borrowers who work in certain public service jobs, such as teaching, law enforcement, or nursing. Under this program, a percentage of the borrower’s Perkins Loan may be cancelled for each year of service.

Income-Driven Repayment Plan Forgiveness

Borrowers who enroll in an income-driven repayment plan may be eligible for loan forgiveness after making payments for 20 or 25 years, depending on the plan. Any remaining balance on the loan will be forgiven at the end of the repayment term.


Student loan forgiveness can provide significant relief for borrowers struggling to repay their loans. Eligibility requirements vary by program, so it’s important to research your options and determine which programs you may be eligible for. By taking advantage of these programs, you may be able to reduce your debt and achieve financial stability.


  1. Do I need to have a certain type of loan to be eligible for forgiveness?

Yes, most forgiveness programs are only available for federal loans, including Direct Loans, FFEL Loans, and Perkins Loans. Private loans are not eligible for forgiveness.

  1. Do I need to be in default to qualify for forgiveness?

No, most forgiveness programs are available to borrowers who are current on their loan payments. However, some programs may require borrowers to be in default or delinquency.

  1. Can I apply for forgiveness if I have already paid off my loans?

No, forgiveness programs are only available for borrowers who have a remaining balance on their loans. If you have already paid off your loans, you are not eligible for forgiveness.

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