Loan Forgiveness Programs are available to borrowers who meet certain criteria. These programs are administered by the U.S. Department of Education and we encourage you to research these opportunities.
There are two types of loan forgiveness programs currently available to borrowers:
Loan Forgiveness for Teachers: The Stafford Loan Forgiveness program allows eligible borrowers to
receive forgiveness of up to $17,500 of their outstanding student loan
balances. It can also allow for forbearance of repayment during the
5-year teaching period leading up to forgiveness. Learn more about Loan Forgiveness for Teachers from the Federal Student Aid Office of the U.S. Department of Education.
Public Service Loan Forgiveness: The Public Service Loan Forgiveness program allows forgiveness of the
remaining balance due on your eligible federal student loans after you
have made 120 payments on loans under certain repayment plans while
employed full time by certain public service employers. Learn more about Public Service Loan Forgiveness from the Federal Student Aid Office of the U.S. Department of Education.
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14-15 Financial Aid Award Guide
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