Forgiveness Programs
October 4, 2021
Forgiveness Programs
The Student Loan Help Group delivers high level counseling for the public service workforce. Our team provides expertise in all repayment options and forgiveness programs available through the Department of Education.
Here is an overview on the two most popular programs available:
Teacher Loan Forgiveness:
Under the Teacher Loan Forgiveness Program, you may be eligible for forgiveness up to $17,500 on your balance if you:- Have 5 consecutive years teaching in a title 1 school.
- The loan(s) for which you seek forgiveness existed before the end of your five academic years of qualifying teaching service.
- You must not have an outstanding balance on Direct Loans or Federal Family Education Loan (FFEL) Program loans as of Oct. 1, 1998, or on the date that you obtained a Direct Loan or FFEL Program loan after Oct. 1, 1998.