Repayment & Loan Forgiveness
*Note that some of these plans are only available for student loans, not parent loans.
If you are enrolled in school at least half-time, are in active military service, have a documentable economic hardship, or are unemployed, you may have the right to apply for a deferment or forbearance to temporarily postpone your loan payments.
Note that the following applies only to student loans–Parent PLUS Loans can only be canceled in the event of the borrower or student’s death or total and permanent disability.
Be On Time Loan Forgiveness
Complete the form and send it to the Office of the Registrar before graduation.
Provides forgiveness of a borrower’s Federal loans after 10 years of on-time repayment, IF they are in either the Income-Based or Income-Contingent repayment plans AND the student has been employed full-time for those 10 years by a Public Service entity (most Federal, state, county, and local agencies qualify, as well as other public and private non-profit companies).
Students who become classroom teachers have possibilities for student loan forgiveness as well as cancellation of Federal Perkins Loans if they work at schools which serve low-income families for five years.