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Forgiveness, Cancellation and Discharge


Loan Forgiveness

Under certain circumstances, the federal government will cancel all or part of an educational loan. This practice is called Loan Forgiveness.

 To qualify, you must either:

Volunteer Work

These volunteer organizations offer loan forgiveness:


Students who serve in the Army National Guard may be eligible for its Student Loan Repayment Program which offers up to $10,000.

Teacher Loan Forgiveness Program

The Teacher Loan Forgiveness Program is intended to encourage individuals to enter and remain in the teaching profession.

Public Service Loan Forgiveness

The Public Service Loan Forgiveness Program discharges any remaining debt after 10 years of full-time employment in public service. The borrower must have made 120 payments as part of the Direct Loan program in order to obtain this benefit (only payments made on or after October 1, 2007 count).

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Last Updated: 8/3/12