Apply for Student Loan Forgiveness (and Other Ways the Government Can Help You Repay Your Loans)

Quickly apply for Student Loan Forgiveness and learn other ways the Government can assist you in repaying your loans. godcentvc.com is here to answer the common questions from students who have taken out student loans from government. Most students ask this question: can my federal student loans be forgiven or can I get help in repaying them? The answer is completely YES! Read on to find out how.

Even though you can be forgiven of your Federal Student Loans, there are some specific eligibility criteria you must meet to qualify for the student loan forgiveness or get help with repayment.

Do you know that Student Loan forgiveness means that you will not to pay back either some or all of your loan. You never know what you may be eligible for, so take a look at the options we have listed below. Meanwhile, HERE is the student loan forgiveness form. You can check it out first.

Learn About Differences Between Forgiveness, Cancellation, and Discharge- Student Loan Forgiveness

When you hear forgiveness, cancellation, and discharge, they nearly mean the same thing, but in this case, they’re used in different ways and so may mean different things. Forgiveness or cancellation is if you’re no longer required to make payments on your loans due to your job. Discharge on the other hand is if you’re no longer required to make payments on your loans due to other circumstances, such as a total and permanent disability or the closure of the school where you received your loans.

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Special information to remember always is that outside of the circumstances that may qualify you to have your loans forgiven, canceled, or discharged, you continue to remain responsible for repaying your loan. Also know that this condition holds whether or not you completed your education, found a good paying job related to your program of study, or are happy with the education you paid for with your loan. Even if you were a minor (under the age of 18) when you signed your promissory note or received the loan, you are still responsible for repaying your loan.

One-time Student Loan Debt Relief

Obviously, for the one-time student loan relief, there’s a recent Courts orders blocking student debt relief program. As a result, application acceptance right now has been reduced even thought there has been strong efforts seeking to overturn those orders. For those who have already applied, your application is in process.

The U.S. Department of Education (ED) provides one-time student loan debt relief as part of the Biden-Harris Administration student debt relief plan. This program offers you opportunity to receive up to $20,000 in debt relief should you receive a Federal Pell Grant and up to $10,000 in debt relief in case you didn’t receive a Federal Pell Grant. If you received loans held by ED, you’re only eligible for this relief when your individual income is less than $125,000 (or $250,000 for households).

Public Service Loan Forgiveness (PSLF)

Another option is if you are a full-time government worker or non-profit organization, you may qualify for forgiveness of the entire remaining balance of your Direct Loans after you’ve made 10 years of payments, which is 120 qualifying payments. When you repay your federal student loans under an income-driven repayment (IDR) plan, you become eligible to benefit from PSLF. Click the link to Learn more about PSLF today!

Are you interested in PSLF?, make use of the PSLF Help Tool to generate a form and submit to MOHELA, the PSLF servicer. Do you also know that you might be eligible for Temporary Expanded Public Service Loan Forgiveness (TEPSLF) when you’ve previously been denied loan forgiveness under PSLF possibly because of a nonqualifying repayment plan. Click HERE to get more valid information about TEPSLF.

Income-Driven Repayment (IDR) Forgiveness

Do you know that an IDR plan bases your monthly payment on your income and size of your family. You can be forgiven any remaining balance on your student loans when you repay your loans under an IDR plan. This is possible when you must have made a certain number of payments over 20 or 25 years. Click HERE to apply directly or you can directly learn more about IDR plans HERE before applying. See more options to apply for aids HERE.

Note: Past periods of repayment, deferment, and forbearance might now count toward your IDR forgiveness because of the one-time IDR adjustment.

Be informed in order to benefit from this adjustment, borrowers with certain non-Direct loans may need to take action immediately before May 1, 2023. See full details of the one-time IDR account adjustment HERE. You can also create an account right now by clicking HERE.

Teacher Loan Forgiveness

If you have taught full-time for five complete and consecutive academic years in certain elementary or secondary schools or educational service agencies that serve low-income families, you may be eligible for forgiveness of up to about $17,500. You also need to meet other qualifications. Get more details about Teacher Loan Forgiveness to see if you qualify. You can also CREATE ACCOUNT right now. You can also see our other resourceful article on, “4 Loan Forgiveness Programs for Teachers.”

Military Service Loan Forgiveness

If you have served in the military, it is of great importance to the US Government. To acknowledge your wonderful efforts, there are special benefits for your student loans available from ED and the U.S. Department of Defense. Benefits include interest rate caps under the Service members Civil Relief Act and Department of Defense student loan repayment programs. You can get more information about federal student loan benefits for members of the U.S. armed forces.

AmeriCorps Student Loan Forgiveness

Check out the Segal AmeriCorps Education Award which is a benefit received by participants who complete a term of national service in an approved AmeriCorps program—AmeriCorps VISTA, AmeriCorps NCCC, or AmeriCorps State and National. You are eligible to receive a Segal AmeriCorps Education Award after you have successfully complete your service. This is used to repay qualified student loans.

More Options for Student Loan Forgiveness

Check out our student loan forgiveness page for info about other possible types of loan forgiveness and discharge that you may be eligible to access if you meet certain conditions. Should the options listed above not apply to you but you need help in making your federal student loan payments, please feel free to contact your loan servicer about the options to switch your repayment plan to lower your monthly payments, consolidate multiple federal student loans into one loan which may result in a lower monthly payment, or apply for deferment or forbearance to temporarily postpone or reduce your payments.

Beware and Stay Away from Scammers

There are many scammers on the internet that may contact you directly promising to help you get loan discharge, forgiveness, cancellation, or debt relief for a fee. Be aware that you never for any reason have to pay for help with your federal student aid. Strictly and only work with ED and Government loan servicers, and never reveal your personal information or account password to anyone.

The Government emails to borrowers come from noreply@studentaid.gov, noreply@debtrelief.studentaid.gov, and ed.gov@public.govdelivery.com. You can report scam attempts to the Federal Trade Commission by calling 1-877-382-4357 or by visiting ReportFraud.ftc.gov. Avoid scams today and see what you can do if you’re contacted by a scammer.

Special links to go through for the federal government student loan forgiveness:

Apply for Student Loan Forgiveness (and Other Ways the Government Can Help You Repay Your Loans)