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Leon Walker

Loan Originator | NMLS: 195551

Student Loan Forgiveness: A Complete Guide to Federal Options

As the student loan crisis continues, many have sought relief in the form of student loan forgiveness. What is student loan forgiveness and which loans are eligible?

Student loan forgiveness may release borrowers from repaying federal student loan debt in full or partially.

Only federal student loans, not private loans, qualify for loan forgiveness programs.

You can qualify for loan forgiveness by working in public service and making consistent payments.

The Public Service Loan Forgiveness program requires 10 years of qualifying payments and employment in certain fields.

The IDR plans offer loan forgiveness after 20 to 25 years of qualifying payments.

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* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.