Public Service Loan Forgiveness:
If you are employed by a government or not-for-profit organization, you may be eligible to receive loan forgiveness under the Public Service Loan Forgiveness Program.
The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 (10 years) qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
Learn more to see whether you might qualify.
Please be advised that the PSLF Program is managed by FedLoan Servicing. If it has been determined that you qualify for PSLF, your loans will be transferred to FedLoan for servicing.
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. See StudentAid.gov/teach-forgive for more information and a form you can fill out when you have completed your teaching service.
In order to qualify for Teacher Loan Forgiveness, you will need to complete five consecutive years of teaching at a Title I school. However, if you lived and/or taught in Puerto Rico or the U.S. Virgin Islands between September 2017 and September 2018, and were impacted by Hurricane Maria or Hurricane Irma, you may still be eligible for forgiveness. The requirement for consecutive years of teaching may be waived, provided you still have taught at a Title I school for five years.