Forgiveness, Cancellation or Discharge

Forgiveness or cancellation is when student loans are forgiven or cancelled in exchange for public service or teaching. Below are the two routes with additional information on how to qualify.

Public Service Loan Forgiveness: PSLF is granted when you have been employed by a government or non-profit organization and have made 120 monthly qualifying payments under a qualifying plan.

Teacher Loan Forgiveness Program: TLFP is granted when a borrower has taught full time for 5 complete consecutive academic years in a low-income school or educational service agency.

Discharge is granted to individuals in special circumstances in which they are totally and permanently disabled.