Some student loan forgiveness is automatic. Other student loan forgiveness requires the borrower to submit anapplication form. Application forms can be obtained by contacting the loan servicer or by calling the U.S. Department of Education鈥檚 Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243).
People also ask
Can I get student loan forgiveness for teaching?
If you teach full-time for five complete and consecutive academic years in certain elementary or secondary schools or educational service agencies that serve low-income families, and meet other qualifications, you may be eligible for forgiveness of up to a combined total of $17,500 on eligible federal student loans.
How do I apply for loan forgiveness?
Application forms can be obtained by contacting the loan servicer or by calling the U.S. Department of Education鈥檚 Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243). There is no fee to apply for loan forgiveness. You do not need to pay anyone for help in applying for loan forgiveness.
How do I qualify for $10K student loan forgiveness?
In order to qualify for $10,000 student loan forgiveness, you must submit a Public Service Loan Forgiveness Employment Certification Form each year. Then at the end of 10 years, submit the formal Public Service Loan Forgiveness application.
How many people have applied for the student loan forgiveness program?
As of May of this year, 715,675 people have had completed forms processed for the program. According to the Education Department, 61.9% of borrowers work in the government, while the rest work at non-profits. The average amount of debt forgiven through the program is $64,968.