Student Loan Forgiveness Definition | Federal Student Aid

In some situations, you can have your federal student loans forgiven, canceled, or discharged.

What Is Student Loan Forgiveness?

Student loan forgiveness frees borrowers from the obligation to repay part or all of their federal student loan debt.

These borrowers have taken loans to pay for their post-secondary education.

Forgiveness is available for some types of loans, but eligibility is limited to borrowers in certain public service, educational, or military occupations.

How Student Loan Forgiveness Works

The recent highly publicized collapse of several for-profit colleges and the pandemic-induced 2020 economic crisis have intensified long-standing concerns about the growing burden of student loans.

Types of Student Loan Forgiveness

Public Service Loan Forgiveness (PSLF)

The Public Service Loan Forgiveness Program (PSLF) is specifically designed for people who work in public service jobs for a government or non-profit organization.

Student Loan Forgiveness Information