Student Loan Debt Forgiveness

Looking for student loan debt forgiveness? In some situations you can get federal student loan forgiveness.

Yes, under certain circumstances, the federal government will cancel all or part of your student loan.

Last updated on October 24 2016 by College Financial Aid Advice

Federal Student Loan Forgiveness

Student Loan Debt Forgiveness
With college so expensive, many college graduates have $50,000 or more in student debt.

If you are considering a student loan, check out this student loan documentary Student Loan Default Movie on YouTube

After graduation, the job market makes it difficult to find high paying jobs. Is is possible to obtain student loan forgiveness?

Yes, under certain circumstances, the federal government will cancel all or part of your student loan.

New Student Loan Debt Forgivenes Programs

President Obama has taken regulatory measures to make student loan repayments easier. There are some federal income-based repayment programs that adjust your payments to cap at 10% of your discretionary income, and provide loan forgiveness after 20 years. The student loan debt forgiveness may occur after 10 years for those in public service.

There is a downside to this program, in that by reducing your payments, your total amount to be repaid may be higher. But if you are struggling to pay these loans, this may be a very good program for you.

This program is called "Pay As You Earn Repayment Plan". For more information about this special federal government program to help pay off student loans and student loan debt forgiveness, see

Other programs are offered depending on the mood of Congress, so be sure to check out the link above for details.

Student Loan Forgiveness for Volunteers

Peace Corps - Serve in the Peace Corp and make a real difference in the lives of others in the world. Volunteers may receive deferment of Stafford, Perkins and Federal Consolidation loans, and partial cancellation of Perkins loans. The student loan debt forgiveness for Perkins loans is 15% per year of service, up to 70% total. For information about joining the Peace Corp call 800-424-8580.

Americorps - Americorps offers a student loan forgiveness program. If you serve 12 months you may receive up to $7400 in stipends, and $4725 to be used to pay toward your student loan. If you are interested, the Americorps phone number is (800) 942-2677.

Volunteers in Service to America (VISTA) This program allows you to volunteer with private, non-profit groups helping with homelessness, poverty, hunger and illiteracy. For 1700 hours of service, receive $4725. Phone number for more information: 800-942-2677.

Student Loan Forgiveness for Teachers

Perkins Loan - You may be able to cancel a Perkins Loan if you are teaching full-time at a low income school, or in certain subjects. Check with the school that made your loan for more information.

Stafford Student Loan Forgiveness for Teachers - You may be eligible for loan forgiveness on your Stafford student loan if you teach full time for five consecutive years at a low-income school.

These student loan forgiveness programs may apply to Consolidation Loans too.

For more information about student loan debt forgiveness, see

HomeStudent LoansStudent Loan Debt Forgiveness


Welcome to College Financial Aid Advice, a website full of information on scholarships and grants, student loans, and other ways to save money at college.

Important Things to Do

Class of 2017 Scholarships - High school seniors should start their scholarship and college search now. See our list of Scholarships for High School Seniors

FAFSA - The official 2017 - 2018 FAFSA is available now. See information about FAFSA.

Student Loans

Find out about the best student loan rates before you take out a student loan.

Student Loan Overview

Federal Student Loans

Federal Plus Loan

Student Loan Calculator

Consolidating Student Loans

Perkins Student Loans

Sallie Mae Student Loans

Student Loan Debt Forgiveness

Paying off Student Loans

College Financial Aid Tips

Scholarship Lists An overview of the different types of Scholarship Money for College.

Grants Learn more about grants, the other free money for college.

Need Tuition Help? Reduce the cost of tuition with these college Tuition Assistance Programs.

Tax Credit Claim the American Opportunity Tax Credit.

College Savings Plans Save money for college with these College Savings Plans.

Need a Student Loan? Yes, you qualify for these college Student Loans.

Popular Scholarship Searches

Scholarships for High School Students

Scholarships for College Students

Easy Scholarships

Scholarship Contests

Weird Unknown Scholarships

Merit Based Scholarships

Scholarships for Minorities

College Scholarships for Women