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Financial Student Aid Public Service Loan Forgiveness (PSLF) on your Direct Loans after qualifying payments on an eligible repayment plan. This program forgives up to $17, of student loan principal and interest for those who teach full time for five consecutive, complete academic years. This. Under this program, health professionals agree to work for three years in underserved areas in exchange for repayment of student loans or direct incentives.

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Student Loan Forgiveness and Cancellations · ​A career in public service may enable you to reduce your student loan debt. · For more information: · Stafford Loan. This program allows licensed clinical social workers up to an initial $50, to repay student loans in exchange for two years of serving in a community-based. The Federal Student Loan Repayment Program allows federal agencies to set up loan forgiveness programs to help recruit and keep employees. This is a loan.

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There are three federal student loan forgiveness programs: Public Service Loan Forgiveness, Teacher Loan Forgiveness, and Income-Driven Repayment Forgiveness. PSLF forgives the remaining balance on your Direct Loans after you have made qualifying monthly payments under a qualifying repayment plan while working. Standard Repayment Plan. Standard plans last up to 10 years (or up to 30 years for Consolidation Loans). · Graduated Repayment Plan. Graduated repayment plans.