Private education loans are not eligible for federal student loan forgiveness.
A Federal Student Loan Program.
If you work for a government or not-for-profit organization, you may qualify for the PSLF Program, which forgives the remaining balance on your Direct Loans.
To be eligible for PSLF, submit a PSLF form, which can be done using the PSLF Help Tool for convenience.
Check to see if your employer is in the federal eligible employers database.
Request a review of your employer’s eligibility if it's not in the federal eligible employers database or hasn't been determined yet.
Complete and sign your PSLF form and then have your employer sign it to certify your employment.
Electronically submit your form for processing.
The Saving on a Valuable Education (SAVE) Plan — UPDATE
The Pay As You Earn (PAYE) Repayment Plan is a monthly payment generally equal to 10% of your discretionary income divided by 12, but never more than the 10-year Standard Repayment amount.
The Income-Contingent Repayment (ICR) Plan consists of monthly payments that are calculated as the lesser of two options: (1) the amount you would pay on a repayment plan with a fixed monthly payment over 12 years, adjusted based on your income, or (2) 20% of your discretionary income, divided by 12.
Is for individuals employed in public service, including federal, state, tribal, or local government or a non-profit organization.
Here are some reminders when preparing your PSLF application.
Make 120 qualifying monthly payments.
Work g for a qualifying employer at the time you submit your form for forgiveness.
Log in to StudentAid.gov and visit My Aid in your Dashboard to see your PSLF progress.
Once your cumulative total of qualifying payments reaches 120, you will receive confirmation of eligibility and work with your servicer to forgive your remaining balance.
Step by step instructions to digitally sign your PSLF Form.
Manually complete the PSLF form by downloading and printing the form.