Student Loan Forgiveness Programs

student loans

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The Supreme Court turned down a yea of paying off $20,000 in debt for students who get Pell Grants. This move may feel like a big blow if you were counting on it for financial freedom1. However, there’s still hope. Many federal programs aim to lower or completely erase your student loan debt. These paths, from IDR plans to PSLF, are not just options. They are keys to a future without the weight of debt.

If you work as a teacher, nurse, or in the military, you have special options to ease your debt. Military members can enjoy interest rate caps and repayment plans from the Department of Defense1. Teachers in schools where many students are from low-income families can see up to $17,500 of their loans erased after teaching for five years1.

The range of solutions is wide. After a certain number of years or payments, some federal programs can help you clear your debt. Even the SAVE plan made a path where you can get rid of debt in just ten years1. The borrower defense to repayment program is also there for those who feel their school misled them1. In short, there are many programs out there, each aiming to cut down or eliminate what you owe in loans.

Key Takeaways

  • The Supreme Court blocked a one-time debt relief plan proposing up to $20,000 for Pell Grant borrowers1.
  • Numerous federal programs offer student loan forgiveness or repayment assistance, including IDR plans, PSLF, and borrower defense to repayment1.
  • Military service members and teachers in low-income schools can gain substantial benefits and forgiveness options1.
  • The newest IDR plan, the SAVE Plan, offers forgiveness after making payments for as few as ten years1.
  • Specialized programs are available to cater to unique career needs, reducing the overall financial burden of student loans.

What is Student Loan Forgiveness?

Student loan forgiveness is for erasing part or all your federal student loan. It’s based on meeting certain conditions, like working in select fields. This can really help with your student debt issues.

Understanding the Basics

Getting the basics of student loan forgiveness is important. It’s not that hard to grasp. If you work in certain jobs in public service or teach at low-income schools, you could have some debt canceled. For example, the Public Service Loan Forgiveness (PSLF) needs 120 qualifying payments in 10 years for federal employees or non-profit workers2. It may sound like quite a task, but it’s really a plan for keeping your finances healthy in the long run.

Types of Loan Forgiveness

There are different forgiveness options to fit various situations. Let’s look at some of the main ones.

  • Income-Driven Repayment (IDR) Plans: These plans stretch your repayment to 20 or 25 years. Payments are set at a percentage of what you earn above living costs. After that time, any remaining balance can be forgiven2.3.
  • Saving on a Valuable Education (SAVE): A newer program, it limits your payments to around 5% of what you earn extra. After 20 years, your balance might be cleared for undergraduate loans which start after July 20242.
  • Pay As You Earn (PAYE) and Income-Based Repayment (IBR): These offers erase debt after 20 years of qualified payments for loans taken post July 1, 20141.
  • Total and Permanent Disability (TPD) Discharge: If you’re too ill to work, you might have all your student debt canceled1.
  • Public Service Loan Forgiveness (PSLF): This program erases the rest of your Direct Loans after 120 qualifying payments, if you work full-time in public service jobs1.
  • Teacher Loan Forgiveness: It forgives up to $17,500 for teachers in full-time work at low-income schools for five years straight12.

By choosing from these options, you can tailor your plan to match your career and personal goals. This helps lift the weight of student debt off your financial future. No matter if you’re in public service, teaching, or dealing with a disability, there’s relevant loan forgiveness available for you.

Income-Driven Repayment (IDR) Forgiveness

Navigating through the many federal loan repayment choices can be tough. Fortunately, there’s a helpful option called Income-Driven Repayment (IDR). These plans adjust your monthly payments based on your earnings and how big your family is. This can really lighten the load for a lot of people.

SAVE Plan Overview

The SAVE Plan is a new system that will change how repayments work. It’s designed to start operating in February and July of 2024. This plan will offer more loan forgiveness on certain federal loans like Direct Subsidized and Unsubsidized Loans. SAVE plans, in general, need about 10% of your spare money. If you stick to it for 20 or 25 years, you could see your debt forgiven4.

Eligible Loans

Many federal loans are covered by IDR plans, which opens them up to a wide range of people. If you have loans like Direct Subsidized, Direct Unsubsidized, Grad PLUS, or Consolidation, you’re eligible. Just remember, only federal Direct Loans qualify for Public Service Loan Forgiveness (PSLF). This means you might need to consolidate if your loans are not Direct Loans5.

Application Process

To apply for IDR forgiveness, you need to be careful and fill out the application. Start by going to the Federal Student Aid website. Keep in mind, your payments will be based on your income and family size. Some might even get payments as low as $04. After making the right payments for 20 or 25 years, your debt can be forgiven without any extra steps6.

“IDR plans and PSLF together offer a promising route for loan forgiveness,” as highlighted by the Department of Education.

In the end, these options are practical ways to reach IDR forgiveness. They aim to help ease the burden of federal loans, which can be reassuring.

Public Service Loan Forgiveness (PSLF)

The Public Service Loan Forgiveness (PSLF) program gives hope to those in public service. It offers to clear student loan debt after 120 payments. It’s a chance to get your loans forgiven while working for the good of your community.

Eligibility Criteria

To qualify for the PSLF, you need a public service job. This job must be full-time, which means working at least 30 hours weekly. You can work for the government, non-profits, or other approved employers like AmeriCorps7. The good news is, jobs such as firefighting, teaching, and nursing count7. What matters is who you work for, not your job title, making more people eligible8.

How to Apply

Applying for the PSLF has become easier under the Biden-Harris administration8. Use the Education Department’s PSLF Help Tool to check if you qualify. Make your path to loan forgiveness clearer by consolidating your federal loans into Direct Loans7.

Don’t forget to get an employment certification form filled out. This confirms your employer qualifies for the PSLF program7. Since April 2024, the program has helped over 876,000 people, forgiving $62.8 billion in student loans7.

Teacher Loan Forgiveness

Learning about teacher loan forgiveness is key for educators looking to ease their financial worries. This program can forgive up to $17,500 for highly qualified teachers. It’s a great chance for those working at secondary schools to reduce their debts.

Eligibility and Requirements

To qualify for loan forgiveness, you need to teach full-time for five years. This should be at a low-income school or educational service agency. If you teach special ed or secondary math/science, you could get up to $17,500910. Others might be eligible for $5,0009. There are specific duties and school types you must meet10.

How Much Can Be Forgiven?

The amount forgiven depends on what and who you teach. Special education and secondary math/science teachers may get $17,5001011. Those in other taught subjects in secondary schools can get $5,000910. Some states have their programs for loan forgiveness. This is especially true for subjects with high needs. Be careful if you qualify for different programs, as it can affect your benefits9.

“The Teacher Loan Forgiveness Program requires full-time teaching for at least five consecutive, complete academic years in eligible schools or educational service agencies.”10

Here’s a simple overview of forgiveness amounts for different types of teachers:

Teacher Category Amount Forgiven Service Requirement
Special Education Teachers Up to $17,500 5 Complete Years
Secondary Math & Science Teachers Up to $17,500 5 Complete Years
Other Eligible Teachers Up to $5,000 5 Complete Years

Knowing if you’re eligible and what’s needed helps you use these programs well. It can lessen your financial load. Thus, you can concentrate more on offering great educational service in secondary schools.

Total and Permanent Disability (TPD) Discharge

Getting a TPD discharge can be a big help. It forgives your federal student loans when you have serious disabilities. The U.S. Department of Education, SSA and VA team up to help people who might get this discharge12.

Criteria for Qualification

To qualify for a TPD discharge, several things are considered. If you’re a veteran with a 100% disabling service-related injury, or you’re totally unable to work due to a disability, you could be eligible12. If you’re receiving SSDI or SSI and your disability review is set at least three years from your last SSA check, you might also qualify12. Since May 2023, over 492,000 people have had their loans forgiven this way13. You’ll need to provide proof of your disability from certain medical professionals like MDs or certified psychologists13.

Application Steps

Applying for a TPD discharge can be simple if you have the right documents. You can use an online wizard, fill out a form, or ask for a form by mail13. If someone is helping you, they can do so by filling out a special form12. Then, just mail your application to the U.S. Department of Education13. For more help, check out the TPD discharge website, DisabilityDischarge.com13.

Forgiveness Options for Military Personnel

Military members have many chances to get help with student loans. This is thanks to special programs and laws like the Servicemembers Civil Relief Act. If you’ve been in the military or a public service job for 10 years, check out the Public Service Loan Forgiveness (PSLF) Program. It could wipe out your federal student loan balance after 120 on-time payments14.

The Servicemembers Civil Relief Act helps by limiting loan interest rates to 6% for those on active duty. This can really lighten the financial load15. Active duty members can also delay their loan payments for up to 13 months after service. Plus, the government might pay part of your loan during this time15.

For those in dangerous places, like combat zones, you may get part or all of certain loans forgiven. The amount depends on when you served1415. The Army has a special offer too: up to $65,000 for student loan help when you serve for three years15.

The Navy offers 33.33% or $1,500 (the higher one) for loans up to $65,000 for three years of service15. Coast Guard members can get up to $10,000 each year for their loans, to a max of $30,00015.

But that’s not all. Your military service might make you eligible for the PSLF. This helps recognize your hard work in the military and community by supporting your education costs14.

Borrower Defense to Repayment

Borrower defense helps students tricked by their schools. It lets them cancel their federal Direct Loans. This part talks about who can apply and how to do it.

Eligibility for Borrower Defense

To be eligible for borrower defense, your school must have done something wrong. If they lied about jobs after school, how much the programs cost, or help paying for school, you might have a case16. Also, if they didn’t tell you everything you needed to know before joining or staying in their program, that could help your case too16. Being pushed into signing up with scary or misleading tactics can also make you eligible for defense16. Even if a school has been taken to court and found guilty of tricking students, this could help you too16.

The U.S. Department of Education usually decides on your application within three years. It should be noted that sending along emails, class schedules, and any legal decisions against your school will very much help16.

Submitting a Claim

To submit a claim, you have to be very careful. Every detail of what the school did wrong must be in your application, including who lied, when, and how it affected your choice16. You also need to give proof of the school’s misconduct.

By May 2024, $28.7 billion in debts got canceled for 1.6 million students because of borrower defense and closed schools. These numbers show how important the program is17. For example, Sweet v. Cardona gave relief worth $6 billion to 264,000 people, proving borrower defense works17.

It can take weeks or months for your application to be processed. If it’s not accepted, don’t worry—you can appeal18. Sometimes, the Department of Education might cancel a whole group’s debt if they find the school was really bad to many students. This could make things faster for everyone18.

Below is a table providing a quick reference to major borrower defense discharges to date:

School Date Amount Discharged Number of Borrowers
ITT Technical Institute June 16, 2021 $500 Million 18,000
Westwood College, Marinello Schools of Beauty, Court Reporting Institute July 9, 2021 $55.6 Million 1,800
DeVry University, ITT Tech, Corinthian Colleges February 16, 2022 $415 Million 16,000
Marinello Schools of Beauty April 28, 2022 $238 Million 28,000
Art Institute May 1, 2024 $6.1 Billion 317,000

Canceling your loans through borrower defense can make your financial future brighter. If your school misled you, this program could fix things.

Closed School Discharge

Don’t worry if a school closing stops your learning. You might get a loan discharge. The steps are simple but need careful attention. If your school shut while you were there, or if you left shortly before it closed, you could get help19. The Secretary sometimes cancels federal student loans a year after a closure. This is if you didn’t finish your program elsewhere or through an approved way20.

Understanding the rules for school shutdowns and loan releases is vital. You must fill out the Loan Discharge Application Form. This form is valid until September 30, 202319. Be sure to be truthful on your application. Lying can lead to fines, jail time, or both under U.S. laws19school closure

Getting a discharge wipes out what you owe on the loan. This includes late fees and costs to collect payments. It’s like starting over with your finances. Once you apply for a discharge, the Secretary stops trying to collect. They only start again if you don’t finish the application in 90 days20.

Now, let’s talk about who can get their loan discharged after a school closes. If you got the loan after July 1, 2020, you might have extra time to apply for a discharge19. And it’s smart to act early. The Secretary provides info about the discharge and what happens if they start collecting again20. You’ll always know what’s happening thanks to this help.

If you do everything right, your credit report will improve. So, if your school closes, keep working on your application. This can lead to getting your loan discharged.

Aspect Details
Loan Discharge Application Form OMB No. 1845-0058, Expiration Date: 9/30/202319
Penalty for False Statements Fines, imprisonment, or both under U.S. Criminal Code and 20 U.S.C. 109719
Eligibility Period Increased for loans disbursed after July 1, 202019
Refund Processing In case of a closed school19
Automatic Discharge Timeline 1 year after institution’s closure date20
Default Status Borrowers no longer in default after discharge20
Credit History Secretary reports discharge to delete adverse credit history20

Loan Forgiveness Programs for Nurses

Nurses, exciting news awaits! You can get help, whether as an RN, APRN, or an aspiring teacher. There are great options for you to deal with student loans. Let’s explore them together.

Start with the NURSE Corps Loan Repayment program. It can pay 85% of your nursing school debt. Yes, almost all of it can vanish2122. But, there are conditions. You should work at a critical need area for two years. Or, work as nurse faculty at an approved school21.

If you’re up for more, this program offers 60% help for two years. Then, you might get 25% more for the third. It aims to help those who really need it, with priority given to the financially struggling21.

Don’t forget the Public Service Loan Forgiveness (PSLF) program. Work as a full-time nurse for the government or a charity. After 10 years of payments, your remaining loan can be forgiven. An amazing benefit indeed!

The Army Nurse Corps Benefits is another outstanding choice. By shifting your focus in nursing, you might wipe off up to $250,000 in loans. It shows the military’s appreciation for healthcare workers like you22.

If you’re into teaching, consider the Disadvantaged Faculty Loan Repayment Program. It’s tailored for instructors with financial challenges. They offer up to $40,000 in help22. Plus, those working in needy places can see full loan forgiveness on their Perkins Loans after 5 years22.

The NHSC Loan Repayment Program can provide up to $50,000 for full-time APRNs in underserved areas22. There’s also a similar program for those tackling substance misuse or working in mental health. It offers up to $75,00022. For those serving in rural areas, patience can be worth it as $100,000 in loans can be forgiven22.

These opportunities make loan forgiveness a real possibility. Stick to it, and you could soon see your loan troubles fade away. Cheers to your hard work and the benefits that follow!

State-Sponsored Student Loan Repayment Assistance

State programs help professionals cut down their student loan debt. Each state offers its own loans to repay, so it’s crucial to look into what your state provides.

Various State Programs

States give out different types of loan help to keep professionals working where they are needed most. For example, in California, you can get up to $50,000 over two years if you work in areas that need more healthcare23. There’s extra help if you keep working after those two years. Kansas offers up to $15,000 over five years to those who move to selected rural zones23.

New York has special help for teachers, social workers, and doctors. They have programs like NYS Teacher Loan Forgiveness and NYS Licensed Social Worker Loan Forgiveness23.

How to Apply

Applying for these programs means you need to know if you’re eligible in your state. Usually, you have to show you’re licensed and working in an area that needs you. In Maryland, while buying a home, you can get up to 15% of its price to pay off your debt, not exceeding $50,00023.

Maine has help just for dentists and vets. They use the Maine Dental Education Loan Program and the Maine Veterinary Medicine Loan Program to help these professionals23.

It’s important for licensed pros to check out all options given where they work. Taking advantage of your state’s programs can help a lot with your student loans, making it easier to achieve financial health and help communities in need at the same time.

AmeriCorps Programs and Benefits

AmeriCorps offers a unique path to serving your community. It also serves as a smart solution to handling student debts. By being part of AmeriCorps, you gain access to the Segal AmeriCorps Education Award. This award helps you pay off student loans and covers school expenses after you serve24.

If you’re an AmeriCorps member, you can get yearly awards of $6,000 to $7,000. This is great for people with big student loans or for those teaching in high-needs areas25. It’s a boost that helps lessen your financial stress. The loan forbearance benefit allows you to delay loan payments, giving you time to focus on your service without debt worries25.

Besides these, AmeriCorps members can enjoy extra benefits. Some schools might match your Education Award or waive application fees24. This support makes your college journey smoother and more affordable.

For those looking at the Public Service Loan Forgiveness (PSLF) program, AmeriCorps service helps. Your time in AmeriCorps can count towards the 10-year PSLF service if you make the right payments24. This means AmeriCorps not only allows you to serve but also helps with forgiving loans.

Admin flexibilities are another plus. AmeriCorps helps by repaying interest on your student loans. It can cover up to 100% of the interest, plus it offers deferment and forbearance options25. This means less financial pressure while you serve.

You can join AmeriCorps as early as 18, and some programs welcome 16-year-olds26. With service options from three months to a year, there’s flexibility for all life plans. Whether you just graduated high school or you’re a seasoned professional, AmeriCorps offers a way to serve and manage student loans smartly.

Federal Perkins Loan Cancellation

Perkins Loan Cancellation is a big help for those working in public service. Even though new Perkins loans aren’t given out, those in certain public jobs can still get a lot of their loan forgiven. This happens through federal support, offering a significant financial break.

Who Qualifies?

To get Perkins Loan Cancellation, you need to work in certain public service jobs. This includes being an attorney, educator, firefighter, police officer, or a healthcare worker. It also covers teachers and certain volunteers, like those in AmeriCorps VISTA or the Peace Corps27. If you work in these fields, you could have up to 100% of your Perkins loans canceled after five years27. The amount forgiven increases over these years. In the first two years, 15% is canceled each year. In the third and fourth years, 20% is canceled. Finally, the last 30% is canceled in the fifth year27. This plan helps cancel Perkins loans in a fair and clear way.

Perkins Loan Cancellation

Application Process

To apply for Perkins Loan Cancellation, you submit a form. You can do this at your school’s loan office or the group that handles loan billing28. The school will check if your job counts and if you meet the program’s rules28. You don’t have to pay your loan while you wait to see if you’re approved. Also, no extra interest builds up on your loan during this time28. Your loan can be forgiven now if you go bankrupt, become disabled, or your school closes early27.

Undergrads could borrow up to $27,500. Grad students could get a bit more, up to $32,50027. These loans have a 5% interest rate and no extra fees. They’re good for those working in public service because of the cancellation chances27. Teachers working full-time in public or nonprofit schools in low-income areas can also have their loans fully forgiven28.

A quick look at how much can be canceled each year for different jobs:

Year of Service Cancellation Rate
First and Second Years 15% each year
Third and Fourth Years 20% each year
Fifth Year 30%

By understanding and following these steps, you can fully benefit from the Perkins Loan Cancellation. It’s a great way to support your community by doing important public service work.

Interest Forgiveness During Active Duty for Military Members

As an active duty service member, you can get help managing your federal student loans. You might get a break on student loan interest with certain federal loans. This can help you handle your bills while you serve the nation.

Soldiers protected by the Servicemember’s Civil Relief Act (SCRA) have special financial rights. These include a limit on mortgage interest and safeguards for rents, evictions, and credit card rates29. It offers a lot of help for those facing many money issues.

Once you leave active duty, TRICARE and VA health benefits can be a big support. But, the level of help you get depends on if you’re retiring or just leaving29. The DoD-TAP also steps in to make your move smoother by guiding you through your next steps29.

The MGIB gives Service members and Veterans 36 months of help for school within 10 years. This support goes beyond student loans to aid in education goals29. The Army Community Service is there at every step, helping troops and their families with a variety of needs29.

For those with kids, the CYS offers affordable child care tied to your family’s income. This is one more way the military helps lessen financial stress29. The range of benefits for soldiers is extensive, including help with student loan interest forgiveness.

False Certification Discharge

Have you faced issues with a school mistakenly saying you qualify for a loan? It’s common, and help is available. We’ll look into getting a false certification discharge.

Situations Covered

Schools might certify you were eligible for a federal loan incorrectly. This could happen for different reasons, including:

  • Ability to Benefit: If your school said you could benefit from education without a diploma, it fits here. You can apply for this online30.
  • Disqualifying Status: Perhaps you didn’t have the right credentials but they said you did. You can seek discharge. The online application is available30.
  • Unauthorized Signature/Payment: If someone signed for you or paid without your okay, you could get a discharge. Apply online for this option30.
  • Identity Theft: If someone stole your identity to get the loan, you can fight it. Documents like police reports help31.

How to Apply

To get a false certification discharge, pay close attention to paperwork and what you need. Here’s a basic how-to:

  1. Gather Evidence: Get documents proving identity theft or any fraud claims ready31.
  2. Complete the Application: Go to the Federal Student Aid website and choose the right form. Then fill it out based on your issue30.
  3. Submit Your Application: After filling the form and gathering your evidence, send everything to your loan servicer31.

Always be honest in your application. Correct and complete information is key. Remember, lying can lead to serious trouble under the law31.

Know the rules and meet them for the best shot at success with your discharge application.

Other Available Student Loan Forgiveness Programs

There are many student loan forgiveness programs to check out. They’re designed to help various professions and life situations.

Eligibility Criteria

The rules for each forgiveness program are different. For example, to get the PSLF loan wiped out, you need to make 120 payments over ten years at a public service job132. The Teacher Loan Forgiveness program, on the other hand, forgives up to $17,500 if you’ve taught in certain schools for five years132. Knowing these details can point you to the right program for you.

Available Options

There are more options than just the PSLF and Teacher Forgiveness programs. If you’re totally and permanently disabled, you might qualify for loan discharge1. Completing national service can get you the Segal AmeriCorps Award, helping with loan repayment1. Military members have special programs too, like those with interest rate caps1. States can also have their own programs for certain professionals, offering loan help1.

If you believe your school misled you, the Borrower Defense to Repayment may help1. If your school closes while you’re there, the Closed School Discharge could forgive your loans32. Perkins Loan Cancellation can forgive your Perkins loans over five years if you do public service32.

Knowing about these options is crucial. It helps you pick the right path to reduce your student debt. Choose wisely based on what you qualify for.


Starting your journey to student loan forgiveness may seem hard at first. But the promise of getting out of debt is very motivating. Student loan debt in the United States is over $1.7 trillion. It is second only to what people owe on their homes. This shows how important it is to find real solutions33.

There are different ways to get out of debt. You can use programs like Public Service Loan Forgiveness or Income-Driven Repayment plans. A new plan, the SAVE Plan, offers some hope. For teachers, nurses, and military folks, there are also special options. All these paths make it easier to deal with student debt34.

Each program has its own rules to follow. But they all aim to reduce how much you owe. They help you focus on growing in your personal and work life35. The Biden administration has already cut about $153 billion from student debt. This shows they really want to help people lessening their loads35. About 7 percent of people with loans owe over $100,000. Big relief plans are crucial for anyone to truly reach financial freedom33.

Almost 1 in 5 Americans are dealing with educational debt. This just shows how big a deal loan forgiveness is. By using these chances, you can get rid of your student loans. This can lead you to a more secure financial situation34. Look into the many options available. Taking the first step can help turn your dream of being debt-free into a real plan.


What is Student Loan Forgiveness?

Student loan forgiveness means your federal student loan debt gets canceled. This happens if you meet certain criteria. For example, working in certain jobs or being in a specific income bracket can help. The amount forgiven can be full or partial, depending on your situation. Factors like your income, what job you do, and if you have a disability, all matter.

What are Income-Driven Repayment (IDR) Forgiveness plans?

With IDR plans, you pay your student loans based on how much you earn and your family size. After 20-25 years of payments, any remaining balance can be forgiven. Starting in February and July 2024, the SAVE Plan will also have new forgiveness options.

How does Public Service Loan Forgiveness (PSLF) work?

The PSLF program forgives your student loans after you make 120 qualifying payments. This is for those who work full-time in government or non-profit jobs. It’s best to pay with an IDR plan to qualify faster.

Are there specific loan forgiveness options for teachers?

Yes, teachers in low-income schools might get up to ,500 in forgiveness after five years. This is for certain federal loans. Teachers need to follow specific rules when applying for this benefit.

What is Total and Permanent Disability (TPD) discharge?

If you’re too disabled to work, your federal student loans might be completely canceled. The Social Security Administration or Veterans Affairs could automatically qualify you. But, you’ll need to prove your disability when you apply.

Do military personnel have special student loan forgiveness options?

Yes, military members can get benefits under the Servicemembers Civil Relief Act. There are also special loan forgiveness and repayment programs for them. Serving can also help qualify for the PSLF program.

How does Borrower Defense to Repayment work?

If your school misled you, you might get your loans forgiven through Borrower Defense. You have to prove the school did something wrong. Documentation of the school’s misconduct is needed.

What if my school closed before I completed my program?

If this happened, you might be able to get your loans discharged. This is possible if your school closed while you were there or shortly after. Federal rules provide a way to help in this situation.

What loan forgiveness programs are available for nurses?

Nurses have several options for loan forgiveness. For example, the PSLF, Perkins cancellation, or the NURSE Corps Program. These programs can cover up to 85% of a nurse’s educational debt. But, there are specific work and health field requirements.

Are there state-specific student loan repayment assistance programs?

Yes, states offer loan repayment help for professionals like teachers and nurses. The details change from state to state. They usually aim to support those in critical jobs or areas that lack enough professionals.

What are the benefits of AmeriCorps programs for student loan repayment?

AmeriCorps volunteers can earn an award to help pay their loans. This award counts towards PSLF, too. It can help reduce your debt if you serve in AmeriCorps.

Can Federal Perkins Loans be canceled?

Yes, Perkins Loans have provisions for certain public service jobs to cancel up to 100% of the debt. This help is depending on what job you do and how long you work there.

How does interest forgiveness for active-duty military members work?

The military could forgive loan interest for active-duty members. This is thanks to the Servicemembers Civil Relief Act. It’s a way to lower the cost of borrowing for service members.

What is False Certification Discharge?

It’s one way to get your loans forgiven if your school certified eligibility wrongly. This could be because you didn’t actually qualify, or they got your identity wrong, for example. You’ll need to show evidence when you apply.

Are there other student loan forgiveness options available?

Yes, there are more forgiveness options, often for specific jobs or people, like for the military. These programs have different requirements and benefits. They all consider your unique situation and job role.

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