Licensed teachers, nurses, doctors and lawyers in certain states may be able to take advantage of programs to assist with repaying debt. Military student loan forgiveness and assistance. Military personnel in the Army, Navy, Air Force, National Guard and Coast Guard may qualify for their own loan forgiveness programs.

Additional student loan repayment assistance programs LRAPs : There may be other national or organizational student loan repayment assistance programs offered for public service professions. The American Bar Association has a list of state LRAPs for lawyers. Perkins loan cancellation.

In many cases, approved borrowers will see a percentage of their loans discharged incrementally for each year worked. The Perkins loan teacher benefit is for teachers who work full time in a low-income public school or who teach qualifying subjects, such as special education, math, science or a foreign language.

Closed school discharge. You may qualify for loan discharge if your school closes. At the time of closure, you must have been enrolled or have left within days, without receiving a degree.

If you qualify, contact your loan servicer to start the application process. Borrower defense to repayment discharge.

Borrowers defrauded by their colleges may qualify for debt relief. Department of Education. If you qualify, you may have your loans automatically discharged, at the discretion of the Education Department, if your school was involved in clear, widespread fraud or misrepresentation that affected a broad group of borrowers.

Total and permanent disability discharge. If you cannot work due to being totally and permanently disabled, physically or mentally, you may qualify to have your remaining student loan debt canceled.

Once your loans are discharged, the government may monitor your finances and disability for three years. Details on the application process are available at disabilitydischarge. Total and permanent disability discharge for veterans. Veterans who are totally and permanently disabled will have their student loan debt discharged.

The process will be automatic unless they decline due to potential state tax liability there is no federal tax liability for veteran loan forgiveness. Discharge due to death. If you die, your federal loans will be discharged once a death certificate is submitted to your loan servicer.

Legitimate federal forgiveness, cancellation and discharge programs are free through the Department of Education, but there are other costs to consider. Beware of scams. So-called debt relief companies claim to get rid of debt but rarely deliver after charging already-struggling borrowers high upfront fees.

The only way to get debt discharged is through the legitimate government programs above, and it costs nothing to apply to them. Defaulted federal loans are eligible for discharge programs. On a similar note Student Loans.

Follow the writer. MORE LIKE THIS Loans Student loans. Find the latest. Student loan forgiveness programs. Other student loan forgiveness programs. Student loan cancellation programs. Student loan discharge programs. The caveats. gov website belongs to an official government organization in the United States.

gov website. Share sensitive information only on official, secure websites. The COVID pandemic resulted in financial hardship for many, including members of the early care and education ECE workforce. If you work for a qualified employer—including many Head Start, preschool and child care programs—you may now be eligible for federal student loan forgiveness for your important public service, even if you were not eligible before.

The Department of Education announced major changes to the Public Service Loan Forgiveness program for a limited time, as a result of the COVID national emergency. Please share this PDF PDF with your networks to ensure that early childhood educators are aware of this opportunity and can apply by October 31, Access the webinar hosted by the Administration for Children and Families and the Department of Education through this link.

Webinar hosted by the Administration for Children and Families and the Department of Education detailing information about the Public Service Loan Forgiveness Program.

View the webinar Visit disclaimer page. Branding Bar U. Office of Early Childhood Development. Search this site. Click to expand menu. Click to expand search. About Expand.

State-based student loan repayment assistance programs (LRAPs) Most state LRAPs award loan assistance to professionals in exchange for two years of service Missing Resources for Student Loan Debt Repayment · Income-Driven Repayment (IDR) Forgiveness · Public Service Loan Forgiveness (PSLF) · Teacher Loan

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