Student Loan Forgiveness
Student Loan Forgiveness is available to borrowers with Federal Student Loans in a few different forms. Every consolidated loan will be forgiven at the end of the repayment term if the balance has not been paid in full and the account is not in default.Learn More +
Income Based Payments
If you are suffering from a partial financial hardship, you may qualify for an Income Based Repayment. Income Based Repayments often result in a ZERO payment, and unlike a deferment the term on your loan is being diminished while in the zero payment.Learn More +
Consolidating your federal student loans will give you one new loan with one payment, and into a repayment plan you can afford. Consolidating also puts you into the forgiveness programs and makes you eligible for Public Service Loan Forgiveness.Learn More +
Types of Loan Forgiveness
Teacher Loan Forgiveness
Did you know if you are a teacher you can qualify for principal reduction of up to $17,500 on your loans?
Teachers may qualify for $5,000 to $17,500 in principal reduction on their federal student loans. To qualify for principal reduction you must have worked at a title 1 school for five consecutive years and in a full time position as a teacher. Teachers also qualify for the Public Service Loan Forgiveness regardless if the school is title 1 or not.Learn More
Public Sector Loan Forgiveness
Did you know if you work in the public sector, your loans can be forgiven after 120 qualified monthly payments and then the balance is forgiven?
If you work for a city, state, or federal organization you may qualify for the Public Service Loan Forgiveness program. The position at your place of employment is not considered for PSLF, but you must be consolidated and into a specific repayment plan to qualify. The balance on your federal student loans after 120 qualifying payments is forgiven.Learn More
Permanent Disability Forgiveness
Did you know if you are Permanently Disabled, you may qualify for Total & Permanent Disability Discharge on your Federal Student Loans?
If you have been permanently disabled, or your disability can be expected to last 60 months or in death, you may qualify for permanent disability forgiveness. Seeking Permanent Disability Discharge on your federal loans will require a visit to your doctor and make you subject to a three year post discharge monitoring.Learn More