Student loan forgiveness is a way to have a portion or all of what you owe on your student loan balance canceled after you meet certain conditions. There are various student loan forgiveness programs, including Public Service Loan Forgiveness (PSLF), Teacher Loan Forgiveness, and National Health Service Corps (NHSC) repayment. Common jobs that can potentially qualify for student loan forgiveness include K–12 teachers in a public school, health care providers in a rural area, city government workers, or professors at a public university.

More From Investopedia

Share via
Copy link
Powered by Social Snap