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How can I get my student loans forgiven? 4 programs to consider

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Who qualifies for student loan forgiveness?

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The majority of these initiatives are supported by the federal government and only apply to loans made by the government.

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1. Student loan forgiveness programs

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Loan Forgiveness in the Public Interest (PSLF) Income-Driven Repayment (IDR) Plan Teacher Loan Forgiveness

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2. What to do if you don't qualify for student loan forgiveness

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Borrowers of both federal and private loans are eligible for the IRS's student loan interest deduction.

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3.Student loan forgiveness vs. discharge

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The process of loan discharge essentially cancels off all of your admissible student loans.

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4. Beware of false promises to forgive student loans

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When it comes to nearly anything in the financial realm, there is a possible risk of fraud.