There’s been a great deal of news coverage about federal student loan forgiveness. The fact is, student loan forgiveness opportunities for those in need are already built into existing federal student loan programs.
There are currently three forgiveness routes provided by the federal government and the taxpayer:
- Income-driven Repayment Plans
- The Public Service Loan Forgiveness Program
- The Teacher Loan Forgiveness Program
This fact sheet includes what borrowers need to know — including how to enroll and leverage existing programs.