What are Student Loan Forgiveness Programs?
Student loan forgiveness programs are privileges offered by the government to eligible students. Through these programs, a student can apply for a student loan discharge or cancellation of their federal student loans. Qualifications for Loan Cancellation Student loan debt can be canceled in special circumstances like: • Borrower works in volunteer organizations like AmeriCorps, Peace Corps, Volunteers in Service to America, etc. • Borrower is actively serving in the military. • Borrower is a full-time teacher in a low-income public or non-profit elementary or secondary schools. • Borrower works as a medical provider in areas declared by the government as areas with health professional shortage.
