Federal student loans offer benefits that many other loans don't. One benefit is the ability to qualify for loan forgiveness—under special circumstances, the federal government may forgive part, or all, of your federal student loans. This means you're no longer obligated to make your loan payments. Another benefit is there may be some situations where you may qualify to have your loans discharged. Show
These are some of the most common types of loan forgiveness and discharge.
Note this is not a complete list Offsite, and you need to meet certain requirements and provide specific information to qualify. Public Service Loan Forgiveness (PSLF)If you are employed by a government or nonprofit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness (PSLF) Program. The PSLF Program forgives the remaining balance on your Direct Loans* after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer. Complete the Public Service Loan Forgiveness (PSLF) Form With the PSLF Help ToolThe PSLF Help Tool Offsitehelps determine whether you work for a qualifying employer for the PSLF or Temporary Expanded Public Service Loan Forgiveness (TEPSLF) programs, suggests actions you can take to become eligible for PSLF, and guides you through the PSLF form and submission process. PSLF ServicerServicing for the PSLF Program is managed by another federal student loan servicer (MOHELA Offsite). If you submit a PSLF form to the PSLF servicer, your eligible loans will be transferred from Great Lakes to MOHELA. If your loans have already been transferred to MOHELA, you can log in to their borrower portal to track your PSLF status and payment counts. * Any loan received under the William D. Ford Federal Direct Loan (Direct Loan) Program qualifies for PSLF. Loans from these federal student loan programs don't qualify for PSLF: the Federal Family Education Loan (FFEL) Program and the Federal Perkins Loan (Perkins Loan) Program. However, they would become eligible if you consolidate them into a Direct Consolidation Loan. Please note: if you consolidate your loans, only qualifying payments that you make on the new Direct Consolidation Loan can be counted toward the 120 payments required for PSLF. Any payments you made on the loans before you consolidated them don't count. If you applied to consolidate your FFEL Program loans and/or Perkins Loans into a Direct Consolidation Loan by October 31, 2022, and timely submitted your PSLF form to MOHELA, be assured your PSLF form will be evaluated under the limited PSLF waiver rules. These time-limited changes to PSLF Program rules allow borrowers to receive credit for past periods of repayment that would otherwise not qualify for PSLF. This opportunity ended on October 31, 2022. Student loans from private lenders do not qualify for PSLF. Limited PSLF Waiver: What Happens After the End of the Waiver October 31, 2022The "limited PSLF waiver" refers to the time-limited changes to Public Service Loan Forgiveness (PSLF) Program rules that allowed borrowers to receive credit for past periods of repayment that would otherwise not qualify for PSLF. This opportunity ended on October 31, 2022 and beginning November 1, 2022, we went back to the normal program requirements for both PSLF Offsiteand TEPSLF Offsite. If you submitted your PSLF form to MOHELA on time, be assured your PSLF form will be evaluated under the limited PSLF waiver rules. You may be eligible to submit a PSLF form to MOHELA after October 31, 2022, and continue to qualify for the benefits of the waiver if you met certain criteria. For more information, see StudentAid.gov Offsite Income-Driven Repayment (IDR) ForgivenessUnder Income-Driven Repayment (IDR) Plans, any remaining loan balance is forgiven if a borrower's federal student loans aren't fully repaid at the end of the repayment period (either 20 or 25 years, depending on the type of plan). For any IDR Plan, periods of economic hardship deferment, periods of repayment under certain other repayment plans, and periods when your required payment is zero will count toward your total repayment period. Whether you will have a balance left to be forgiven at the end of your repayment period depends on a number of factors, such as how quickly your income rises and how large your income is relative to your debt. Because of these factors, you may fully repay your loan before the end of your repayment period. Great Lakes tracks your qualifying monthly payments and years of repayment and will notify you when you are getting close to the point when you would qualify for forgiveness of any remaining loan balance. Account adjustments for IDR and PSLF qualifying payment counts are scheduled for fall of 2022. On April 19, 2022, the U.S. Department of Education (ED) announced several changes and adjustments that will bring borrowers closer to IDR forgiveness. Other borrowers not currently enrolled in an IDR plan who have accumulated time in repayment for at least 20 or 25 years may also qualify for forgiveness as a result of this initiative. ED will conduct a one-time revision of IDR- and PSLF-qualifying payments for all Direct Loan Program and federally managed Federal Family Education Loan (FFEL) Program loans. If you have commercially held FFEL loans, you can only benefit from the IDR account adjustment if you consolidate before we complete implementation of these changes, which is estimated to be no sooner than Jan. 1, 2023. If you have made qualifying payments that exceed forgiveness thresholds (20 or 25 years), you will receive a refund for your overpayment. Learn more about this initiative. Offsite Teacher Loan ForgivenessIf 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 program loans. See StudentAid.gov/teach-forgive Offsitefor more information and a form you can fill out when you have completed your teaching service. Search for your school in the Annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits Offsite. You can also get the full list of eligibility requirements for this forgiveness program at StudentAid.gov/teacher Offsite. Learn more about the Teacher Loan Forgiveness Program, eligibility requirements, and how to apply. (If you aren't already logged in, you'll be asked to do so.) Closed School DischargeIf your school closes while you're enrolled or soon after you withdraw, you may be eligible for a discharge of your federal student loan. For example, ITT and Corinthian College recently closed and qualified students were eligible for loan discharge. Learn more about the process, eligibility requirements Offsite, and how you can apply. Borrower Defense to RepaymentIf you believe that the school you attended misled you or engaged in misconduct in violation of certain laws, the federal student loans you obtained to attend that school may be eligible for forgiveness, called Borrower Defense to Repayment. Learn more about the process, eligibility requirements and how you can apply Offsite. Total and Permanent Disability DischargeLearn more about the Total and Permanent Disability Discharge process Offsite, eligibility requirements, and how to apply. Note: Servicing for this process is managed by another federal student loan servicer. If you apply for a Total and Permanent Disability Discharge, your eligible loans will be transferred from Great Lakes to that servicer. Not Eligible for Total and Permanent Disability?If you believe you qualify for one of the programs other than the Total and Permanent Disability Discharge, complete and submit a loan forgiveness, cancellation, or discharge application form. (If you aren't already logged in, you'll be asked to do so.) All forms are in Portable Document Format (PDF). In order to view PDF files, you must first download the free Acrobat Reader software. Detailed instructions for downloading and installing the Acrobat Reader are located on the Adobe website Offsite. Not finding the right repayment option?Not everyone follows the same path while in school, or afterward when you're expected to pay back your loans. Learn more about other repayment options to find the one that best fits your circumstances.  Free Expert Help!You don't have to pay for student loan services or advice. Our expert representatives have access to your latest student loan information and understand all of your options. Learn more about the free services available to you. Get in TouchHave a social account and have a question? Send us a message. We're here to help. You can chat with us a few ways:
You can also log in or visit our Contact Us page to contact a representative. Did you enjoy this topic? Share!Tweet WARNING This system may contain government information, which is restricted to authorized users ONLY. Unauthorized access, use, misuse, or modification of this computer system or of the data contained herein or in transit to/from this system constitutes a violation of Title 18, United States Code, Section 1030, and may subject the individual to civil and criminal penalties. This system and equipment are subject to monitoring to ensure proper performance of applicable security features or procedures. Such monitoring may result in the acquisition, recording, and analysis of all data being communicated, transmitted, processed, or stored in this system by a user. If monitoring reveals possible evidence of criminal activity, such evidence may be provided to law enforcement personnel. Privacy and security policies are consistent with applicable laws, Executive Orders, directives, policies, regulations, standards, and guidance. System use notification messages can be implemented in the form of warning banners displayed when individuals log in to the information system. For publicly accessible systems: (i) the system use information is available and when appropriate, is displayed before granting access; (ii) any references to monitoring, recording, or auditing are in keeping with privacy accommodations for such systems that generally prohibit those activities; and (iii) the notice given to public users of the information system includes a description of the authorized uses of the system. How can I get my student loans removed?You may be eligible for discharge of your federal student loans based on borrower defense to repayment if you took out the loans to attend a school and the school did something or failed to do something related to your loan or to the educational services that the loan was intended to pay for.
Do student loans go away after 7 years?While negative information about your student loans may disappear from your credit reports after seven years, the student loans themselves will remain on your credit reports — and in your life — until you pay them off.
Do student loans get Cancelled after 10 years?Under the federal program, eligible borrowers can have their loans discharged after 10 years if they meet eligibility requirements.
Why can't you discharge student loan debt?Why are student loans exempt from bankruptcy? Student loans are exempt from bankruptcy because many politicians feared that young people would borrow substantial sums to pay for college and then discharge their student loans in bankruptcy right after graduation.
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How to get your student loans discharged
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