Navigating Student Loan Forgiveness: Top 10 Essential Insights for US Borrowers

Public Service Loan Forgiveness (PSLF)

Forgives remaining federal student loan debt after 120 qualifying payments for those working in government or nonprofit sectors.

Teacher Loan Forgiveness

Offers up to $17,500 in forgiveness for teachers working five consecutive years in low-income schools.

Income-Driven Repayment Plan Forgiveness

After 20-25 years of qualifying payments under plans like PAYE or REPAYE, remaining loan balances are forgiven.

State-Sponsored Forgiveness Programs

Many states offer loan forgiveness to professionals in fields like healthcare, law, or education, serving in high-need areas.

Military Service

Various branches of the U.S. military offer student loan repayment or forgiveness programs as part of their service benefits.

Nurse Corps Loan Repayment Program

Provides up to 85% loan forgiveness for registered nurses, nurse practitioners, or nurse faculty working in underserved communities.

National Health Service Corps (NHSC)

Health professionals in eligible disciplines can receive loan forgiveness for working in Health Professional Shortage Areas.

Income-Driven Repayment Forgiveness for Non-Profit Employees

Non-profit employees may qualify for loan forgiveness after 10 years of payments under an income-driven plan.

Federal Perkins Loan Cancellation

For certain professions like teaching, nursing, or public service, up to 100% of a Federal Perkins Loan can be canceled.

Borrower Defense to Repayment

Borrowers defrauded by their colleges may apply for loan forgiveness through this program, particularly relevant in cases of school closures or misconduct.