Public Service Loan Forgiveness: If you get a job at a government or not-for-profit organization and repay your loans based on your income, you may qualify for forgiveness of your Direct Loans after 10 years of payments and employment. See StudentAid.gov/publicservice for more information and for a form you can fill out when you start working to receive confirmation that your employment qualifies for the program.
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.