Student Loan Forgiveness Programs That Discharge Students Loans

Student loan forgiveness might seem too good to be true, but there are legitimate ways to get it through free government programs that are build to tackle such situations.

These options are available only to borrowers with federal student loans. Some of them have very specific requirements that make them difficult to qualify, but income-driven repayment plans are open to most borrowers and easy as compared to others.

The information below is about existing student loan forgiveness programs. You might find what you are looking for by reading the complete article below.

You’re not eligible for federal student loan forgiveness programs if you have been registered into private loans, but there are some other strategies that work for managing private loan debt.

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Best Student loan forgiveness programs

These are the 11 types of Student loan forgiveness programs that we will be explaining in the article below with some tips and tricks that also might help you.

  1. Income-driven repayment forgiveness.
  2. Public Service Loan Forgiveness.
  3. Teacher Loan Forgiveness.
  4. Student loan forgiveness for nurses.
  5. Obama student loan forgiveness.
  6. State-sponsored repayment assistance programs.
  7. Military student loan forgiveness.
  8. Federal student loan forgiveness.
  9. LRAPs
  10. Student loan forgiveness coronavirus.
  11. Student loan forgiveness for teachers.

Income-driven repayment forgiveness.

The federal government offers four main income-driven repayment plans, which allow you to cap your loan payments at a percentage of your total monthly income. When enrolled in one of these plans, your remaining loan balance will be eligible for forgiveness after 20 or 25 years, which rather depends on the plan. These plans are are most suitable for the people who have higher loans than the gross income.

Public Service Loan Forgiveness.

Public Service Loan Forgiveness is available to government and qualifying nonprofit employees with federal student loans. The ones who are eligible can have their remaining loan balance forgiven tax-free after making 120 qualifying loan payments. In order to benefit from PSLF, you have to make payments while enrolled in an income-driven repayment plan. Otherwise, on a standard repayment plan, the loan would be paid off before you’re eligible to benefit from forgiveness.

Teacher Loan Forgiveness.

Teachers employed full time in low-income public elementary or secondary schools may be eligible for Teacher Loan Forgiveness after working for five consecutive years. if you teach full-time for five complete and consecutive academic years in a low-income school or educational service agency, and meet other qualifications, you may be eligible for forgiveness. They can have up to $17,500 in federal direct or Stafford loans forgiven. To qualify, teachers must have taken out loans after Oct. 1, 1998.

Student loan forgiveness for nurses.

Nurses shouldering student debt have several options for student loan forgiveness: Public Service Loan Forgiveness, Perkins loan cancellation, and the NURSE Corps Loan Repayment Program, which pays up to 85% of the total qualified nurses’ unpaid college debt. Public Service Loan Forgiveness may be the best option for most nurses — few borrowers have Perkins loans, and the NURSE Corps program is highly competitive as well.

Obama student loan forgiveness program.

There is a highly mistaken phrase as “Obama student loan forgiveness.” However, some student “debt relief” companies use it as a catch-all term for free federal programs — which they charge to enroll borrowers with them. If you encounter a company offering “Obama student loan forgiveness,” consider it a red flag. Enrolling in federal programs like income-based repayment and federal student loan consolidation is free to do on your own through the Department of Education.

State-sponsored repayment assistance programs.

Licensed teachers, nurses, doctors and lawyers in certain states may be able to take advantage of programs to assist with repaying debt. For example, the Mississippi Teacher Loan Repayment Program will pay up to $3,000 per year for a maximum of four years on undergraduate educational loans to teachers with a specific teaching license for each year of teaching full time in a particular geographical or subject area. Contact your state’s higher education department to find out if you qualify for a program.

Military student loan forgiveness and assistance.

Military personnel in the countries Army, Navy, Air Force, National Guard and Coast Guard may qualify for their own loan forgiveness programs. In the National Guard, just for example, qualifying soldiers and officers could receive up to $50,000 to pay off federal student loans through the Student Loan Repayment Program.

Federal student loan forgiveness

The PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.

Additional student loan repayment assistance programs (LRAPs):

There may be other national or organizational student loan repayment assistance programs offered for public service professions. The National Institutes of Health, for example, offers up to $35,000 in debt assistance annually to health professionals who are appointed by the institutes to conduct research. The American Bar Association has a list of state LRAPs for lawyers.

Student loan forgiveness coronavirus

You do not have to pay to get 0% interest or suspended payments for your student loans. Some companies may charge a fee to give you repayment help for federal student loans during the COVID-19 emergency. These companies are not affiliated with or endorsed by the U.S. Department of Education (ED). Learn more about avoiding student loan scams.

Student loan forgiveness for teachers

Under the Teacher Loan Forgiveness Program, if you are teaching as a full-time for five complete and consecutive academic years in a low-income school or educational service agency, and meet other qualifications, you may be eligible for forgiveness of up to $17,500 on your Direct Subsidized and Unsubsidized Loans and your Subsidized and Unsubsidized Federal Stafford Loans as per guidelines.

Student loan forgiveness

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Student loan cancellation programs

  1. Perkins loan cancellation. Borrowers with the federal Perkins loans can have up to 100% of their loans canceled if they work in a public service job for five years or more. In many cases, approved borrowers will see a certain percentage of their loans discharged incrementally for every year worked.

Student loan discharge programs

  1. Closed school discharge. You may qualify for loan discharge if your school shuts down. At the time of closure, you must have been enrolled or have left within 120 days as active part, without receiving a degree. when you are qualified, contact the loan servicer to start the application process going. You’ll need to keep making payments on your loan while your application is being processed. If you’re approved, you will no longer have to make loan payments and you will get refunded some or all of the past payments that you made on the loan.
  2. Borrower defense to repayment discharge. Borrowers defrauded by their colleges may qualify for debt relief. You’ll need to file borrower defense to repayment claim with the United. States. Department of Education.
  3. Total and permanent disability discharge. If you cannot work due to being permanently disabled, physically or even mentally, you may qualify to have your remaining student loan debt to be canceled. To be eligible, you’ll need to provide documentation proving your disability to the authorities. Once the loans are discharged, the government may monitor your finances and disability for some years. If you don’t meet requirements during monitoring period, your loans may not be forgiven. Details on the application process are available at
  4. Total and permanent disability discharge for veterans. Veterans who are totally and permanently disabled will get their student loan debt discharged. The process will be automatic until they decline by themselves due to potential state tax liability (there is no federal tax liability for veteran loan forgiveness).
  5. Discharge due to death. If you die, the federal loans will be discharged once a death certificate is submitted to your loan servicer to the authorities. Your parent’s PLUS loans used to pay for your schooling will be discharged so there are no repercussions if the parent who holds the loan or you die.

General FAQ

Some frequently asked questions regarding student loan forgiveness are answered below.

How long does it take to pay off student loans?

It totally depends on the opted loan by you. If your loan amount is high then the time taken will be more as compared to less amounts as they might take less time as compared to the other one. Also the loan sanctioned may vary the rates and interest.

Is student loan forgiveness real?

Yes, student loan forgiveness real because people have got loan forgiveness in the past and have benefitted from the various layoffs that are provided to them.

List of Student Loan Forgiveness Program

  • Alaska – Alaska currently has one program.
  • Arizona – Arizona currently has three programs.
  • Arkansas – Arkansas currently has two programs.
  • California – California currently has three forgiveness programs.
  • Colorado – Colorado currently has three forgiveness programs.
  • Connecticut – Connecticut has seven loan forgiveness programs on the books, but only one is currently being funded by the legislature.
  • Delaware – Delaware currently has one student loan forgiveness program.
  • Florida – Florida currently has two student loan forgiveness programs.
  • Georgia – Georgia currently has one student loan forgiveness program.
  • Hawaii – Hawaii currently has one student loan forgiveness program.
  • Idaho – Idaho currently has one student loan forgiveness program.
  • Illinois – Illinois currently has four student loan forgiveness programs.


Thus we discussed about different student loan forgiveness programs that might be helpful to you. Please share this article wit your friends those might find this article helpful.

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