All the Ways You Can Get Your Student Loans Forgiven

And if you meet certain requirements, its possible to have a portion of your balance forgiven.

But for some with federal loans, there are options.

The company you work for is the most important qualifying aspect for PSLFnot necessarily your job title.

You canread more about that here.

After your 120 payments, 100 percent of your loan balance is forgiven.

If youre enrolled in an IBR plan, you might have some of your loans forgiven after that time.

How your income scales throughout your career will play a big role in that.

The same types of loans qualify as for IBR forgiveness.

There are income eligibility requirements for IBR and PAYE.

PAYE is preferable to Revised Pay As You Earn (REPAYE), which well get into below.

That means you could pay a lot more under this plan than via a standard 10-year repayment plan.

Youll want to do the math to double-check its worth it, though.

Income-Contingent Repayment (ICR) Forgiveness

This is the last of the four IDR plans.

This is the only IDR repayment program available toparent PLUS loan borrowers.

You must make on-time payments for 25 years, after that your balance is forgiven.

it’s possible for you to apply for any of the IDR plans on StudentLoans.gov.

you’re able to stay on for a third year as well.

There are multiple loan forgiveness programs available to nurses.

Many states offer loan forgiveness programs to nurses and nurse practitioners.

you’re free to searchthrough them here.

You might also qualify for PSLF, depending on where you work.

Teachers have a few specific programs aimed at helping you manage your debt.

Search for your state and teacher loan forgiveness programs.

Attorneys who work for three years at the Department of Justice might qualify for$60,000 in assistance.