Search results
Results from the WOW.Com Content Network
But you may be able to get help repaying your loans, including full loan forgiveness, through one of the federal student loan programs. You never know what you may be eligible for, so take a look at the options listed below.
Borrowers with only undergraduate debt would qualify for forgiveness if they entered repayment on or before July 1, 2005, and borrowers with graduate school debt or a mix undergraduate and graduate debt would qualify for forgiveness if they entered repayment on or before July 1, 2000.
Learn about options for student loan forgiveness and cancellation, including eligibility requirements and application process.
Certain highly qualified special education and secondary mathematics or science teachers can qualify for up to $17,500 in forgiveness. Other eligible teachers can qualify for up to $5,000. Direct PLUS Loans, FFEL PLUS Loans, and Perkins Loans aren’t eligible to be forgiven through TLF.
If you borrowed $12,000 or less, you’ll receive loan forgiveness after making the equivalent of 10 years of payments. (This amount of time is called your repayment term.) If you borrowed more than $12,000, then your repayment term will rise by one year for every additional $1,000 borrowed.
Federal Student Aid ... Loading... ...
Student Loan Debt Relief. The Supreme Court issued a decision blocking us from moving forward with our one-time student debt relief plan. Visit StudentAid.gov/debtrelief to learn more about the actions President Biden announced following the decision and find out how this decision impacts you.
Eligibility. Defaulted loans are not eligible for repayment under the SAVE, PAYE, or ICR Plans. Starting in September 2024, defaulted Direct Loans will be eligible for the IBR Plan. Eligible borrowers can use the Fresh Start initiative to easily get their loans out of default.
1. To qualify for forgiveness, I must have made 120 qualifying payments on my Direct Loans while employed full-time by a qualifying employer. Neither the 120 qualifying payments nor the qualifying employment have to be consecutive. 2. To qualify for forgiveness, I must be employed full-time by a qualifying employer when I apply for forgiveness. 3.
You may qualify for forgiveness of the remaining balance due on your eligible federal student loans based on your employment in a public service job.