There are loan forgiveness and loan cancellation options for which certain students may be eligible.
The most common loan forgiveness programs are the Public Service Loan Forgiveness Program, offered to people employed by a government or not-for-profit organization, and the Teacher Loan Forgiveness Program, offered for teaching in a low-income school or educational service agency. Each program has different requirements for borrowers.
Please visit the government’s website to view some of the different programs, and to see the qualifications required for each.
Please note that any loan forgiveness program is subject to Congressional authority, and may be discontinued at any time.