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Loan Forgiveness. You may qualify for student loan forgiveness of some or all of the balance of your federal student loans if you perform certain types of qualifying employment and make a required number of qualifying payments. Public Service Loan Forgiveness.
If you’re employed by a government or not-for-profit organization, you might be eligible for the Public Service Loan Forgiveness (PSLF) Program. The PSLF Program forgives the remaining balance of your eligible Direct Loans: While working full time for an eligible employer.
Also known as the Perkins Loan Cancellation and Discharge program, this forgiveness option provides full or partial loan forgiveness to eligible teachers with Nelnet-serviced student loans. Depending on the subject taught, they may be eligible for up to $17,500 or $5,000 in loan forgiveness.
You may qualify for forgiveness of your remaining Direct Loan balance after making 120 qualifying payments under a qualifying repayment plan while employed full time by a qualifying employer. Learn more about the Public Service Loan Forgiveness (PSLF) Program at StudentAid.gov/publicservice .
PSLF program rules for a limited time, as a result of the COVID-19 national emergency. Now through October 31, 2022, you may receive credit for past periods of repayment that would not otherwise qualify for PSLF and get closer to loan forgiveness. The limited PSLF waiver may: • Increase your total number of qualifying payments
Nelnet borrowers can qualify for Nelnet student loan forgiveness through federal programs from the U.S. Department of Education. Here are the forgiveness or cancellation options that are available for federal borrowers.
The Supreme Court blocked the one-time debt relief plan (you may also know this as the forgiveness of up to $20,000 for Pell Grant borrowers). But you may be able to get help repaying your loans, including full loan forgiveness, through other federal student loan programs.
Public Service Loan Forgiveness. If you’re employed by a government or not-for-profit organization, you might be eligible for the PSLF Program. The PSLF Program forgives the remaining balance on your Direct Loans.
You can use the PSLF Help Tool to apply for both PSLF and Temporary Expanded Public Service Loan Forgiveness (TEPSLF). And you can use the tool no matter where you are in the PSLF process, whether you want to apply for forgiveness right now or certify employment to understand your progress toward that goal. Employer Database.
Here are some examples of false claims you might come across: “Act immediately to qualify for student loan forgiveness before the program is discontinued.”. “Your student loans may qualify for complete discharge. Enrollments are first come, first served.”. “Student alerts: Your student loan is flagged for forgiveness pending verification.