The Complete Guide to Student Loan Forgiveness Programs in the US and How They Can Help You Escape Your Debt

Introduction: What is a Student Loan Forgiveness Program?

The Student Loan Forgiveness Program is a program that was created by the U.S. Department of Education to provide relief to those who have been burdened by their student loans and are unable to make payments on them.

The Student Loan Forgiveness Program has many requirements that must be met in order for a person to qualify for it. The most important thing is that the person must have a federal student loan and that they have made 120 monthly payments on the loan. In addition, they must have worked for 10 years in public service, or worked for 10 years in certain non-profit organizations, or served as an AmeriCorps volunteer for at least 1 year.

How Do I Know If I'm Eligible for a Student Loan Forgiveness Program

Many people in the US are eligible for student loan forgiveness programs. However, they might not know it. The Department of Education has a list of programs that offer student loan forgiveness and repayment options.

Student loan forgiveness is a great way to get out of debt. It can be used by people who have a lot of debt or just some debt, and it can be used by people who are working in the public sector or the private sector. There are many different programs to choose from so you should do your research before you apply for any program.

How to Find Out Which Loans Qualify for Federal Forgiveness Programs

If you are a student, you may be wondering how to find out which loans qualify for federal forgiveness programs. This article will give you some tips and strategies that will help you find the answer.

Federal loans forgiven is a topic that is near and dear to many people's hearts. If you are a student, or someone who has taken out federal loans in the past, you may be wondering how to find out which loans qualify for federal forgiveness programs.

In this article, we will provide some tips and strategies that will help you figure out what types of federal loans qualify for forgiveness programs.

What are Some Common Types of Student Loan Forgiveness & When Can They Be Applied?

Student loan forgiveness is a form of relief that erases the remaining balance on your student loans. There are many types of forgiveness programs, but only some are available to all borrowers.

There are two types of student loan forgiveness: Public Service Loan Forgiveness and Teacher Loan Forgiveness.

Public Service Loan Forgiveness is for people who work in public service for 10 years and make 120 monthly payments on time.

Teacher Loan Forgiveness is for teachers who work in a low-income school, teach at least five years and make 120 monthly payments on time.

Loan Forgiveness - Everything you need to know

We did the research and narrowed down to ten sites that will help you get the information you need and make a decision. Keep reading to learn about each one.

We combined over twenty different criteria to establish out rankings with the help of cutting-edge Artificial Intelligence and expert contributors. These criteria include user reviews, content relevance, website reputation score, user votes, and more (We make sure to update these rankings on a regular basis so that the information is always up to date).

We've included the most useful Loan Forgiveness videos in our review, as well as links to further resources for more information.

Loan Forgiveness
Loan Forgiveness

Interest in loan forgiveness over time

According to our data there has been a growing interest in loan forgiveness over the past few years. We estimate that there have been over 235,950 search engine searches in the United States in 2023 alone.

Top 10 Loan Forgiveness and Loan Forgiveness websites as ranked by people like you

The Community ranked the best Loan Forgiveness websites so that you can find what you need. Help improve the ranking by voting too.

Last updated: 2024-05-06

Rank

Provider

Description & Features

Site

1

109

Public Service Loan Forgiveness | Federal Student Aid
Public Service Loan Forgiveness | Federal Student Aid
Home » How to Repay Your Loans » Forgiveness, Cancellation, and Discharge » Public Service Loan Forgiveness. If you are employed by a government or not-for-profit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness Program .

2

101

Forgiveness, Cancellation, and Discharge | Federal Student Aid
Forgiveness, Cancellation, and Discharge | Federal Student Aid
What happens if my application for loan forgiveness, cancellation, or discharge is denied? You’ll remain responsible for repaying your loan according to the terms of the promissory note that you signed. Talk to your loan servicer about repayment options if you have a Direct Loan or FFEL Program loan. Check out repayment options.

3

94

The Complete List of Student Loan Forgiveness Programs and ...
The Complete List of Student Loan Forgiveness Programs and ...
There are a number of different student loan forgiveness programs out there for people who work in public service, education, health care, and other areas. Some states are even helping debt-saddled graduates pay off their loans. If you’re struggling with debt, this list of student loan forgiveness programs could save you.

4

87

Loan Forgiveness | U.S. Department of Education
Loan Forgiveness | U.S. Department of Education
Washington The U.S. Department of Education (Department) has launched a process for federal student loan borrowers to be reconsidered for loan forgiveness under a temporary expansion of the Public Service Loan Forgiveness (PSLF) Program.

5

80

Check Your Student Loan Forgiveness Eligibility
Check Your Student Loan Forgiveness Eligibility
The Teacher Loan Forgiveness program (TLF) is a form of student loan forgiveness that is separate from the Direct Loan or Obama Student Loan Forgiveness program. This program awards educators with a principal reduction of their federal loans. It was designed to encourage students to enter the education field and to incentivize teachers to ...

6

74

Loan Forgiveness & Discharge - MyFedLoan
Loan Forgiveness & Discharge - MyFedLoan
Teacher Loan Forgiveness. If you teach full-time for five complete and consecutive academic years in a low-income elementary school, secondary school, or educational service agency, you may be eligible for forgiveness of up to $17,500 on your Direct Loan or FFEL Program loans.

7

69

Loan Repayment | NHSC
Loan Repayment | NHSC
Review service requirements for NHSC loan repayment programs. State Loan Repayment Program (SLRP) Find out about the State Loan Repayment Program (SLRP), which provides cost-sharing grants to states and territories to operate their own loan repayment programs.

8

64

2023 Guide to the Best Federal Student Loan Forgiveness ...
2023 Guide to the Best Federal Student Loan Forgiveness ...
The Public Service Loan Forgiveness Program – Nurses have always been able to take advantage of the PSLF program, and for good reason! It was created specifically to help encourage people to take up work in public service positions, and no job defines public service better than that of a Nurse.

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59

Student Loans, Forgiveness | U.S. Department of Education
Student Loans, Forgiveness | U.S. Department of Education
I already have a loan... Repaying loans. Income Based Repayment (IBR) plan. Loan Consolidation. Defaulted student loans. Student loan forgiveness. Public Service Loan Forgiveness (PSLF) Stafford Loan Forgiveness Program for Teachers; Defer student loans. Cancel student loans. Loan Servicers

10

55

Public Service Loan Forgiveness (PSLF) Help Tool
Public Service Loan Forgiveness (PSLF) Help Tool
Use our free PSLF Help Tool if you are interested in participating in the PSLF Program. The tool will help you assess whether your employer qualifies for PSLF and your loans qualify for PSLF. It will also help you decide which PSLF form to submit.

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This comparison site is made up of our own opinions and views. The ranking is determined at our discretion and is not to be used for accuracy purposes. We can provide this service at no charges thanks to a combination of referral fees and advertising income we receive from various publishers and service providers. These payments may affect our rankings and the score we assign to websites, products, and vendors. Our ratings do not imply endorsement of any kind. This website's information, rankings, and vendor list is subject to change without notice at any time.

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