Student Loan Forgiveness

Student Loan Forgiveness Programs

There is a wide variety of student loan forgiveness programs to apply for based on different criteria. Depending on your career, state, service, and employer, you may be eligible for a forgivable loan amount.  Read the article below to learn which program is right for you.

Employer Student Loan Repayment 

Employers are offering student loan repayment assistance as an employee benefit to help retain top talent. Employer student loan repayment is a tax-exempt contribution of up to $5,250 per employee per year. Neither the employer nor employee will have tax consequences for the money applied to the loan payments. With this said, the student loan repayment assistance must meet the requirements of Internal Revenue Code Section 127 so that employers and employees avoid these tax implications. The CAA authorized this program now through December 31st, 2025.

Contact your Employer’s HR department and see if they are willing to take advantage of this program! 

Public Service Loan Forgiveness

Are you employed by the U.S. federal, state, or local government? Do you work for a non-profit organization? For this reason, you may be eligible to apply for the PSLF program. In this program, public sector employees who have federal student loans can receive loan forgiveness after completing ten years of service and 120 qualifying payments. Not only will your loan be forgiven, but it will NOT be considered taxable income which is equally as important. 

Are you eligible for PSLF? Find Out Now.  

Teacher Loan Forgiveness

If you’re a teacher working in a low-income school, you could be eligible to receive up to $17,500 in forgiveness. The school subject you teach will determine the loan amount that will be forgivable. For example, special education, science, and math may qualify for the entire amount. After five years of serving a low-income elementary school, you can submit the Teacher Loan Forgiveness Application to receive this benefit. 

Learn more about the requirements on the Student Aid website. 

Income-Driven Repayment Plans

There are four types of Income-Driven Repayment Plans (IDR):

  • Income-Based Repayment Plan (IBR)
  • Pay as You Earn (PAYE)
  • Income-Contingent Repayment Plan (ICR)
  • Revised Pay as You Earn (REPAYE)

Your loan will be forgiven In the event that you qualify for IDR plans and still have a balance after making consistent payments over a 20-to-25-year period. However, this forgivable amount is considered taxable income. This is important to note because you will need to prepare to pay taxes on this amount. 

Which IDR plan is best for you? Apply now.


State-Sponsored Loan Repayment Programs

(States by client base)


The California State Loan Repayment Program offers up to $50,000 for different healthcare professionals that work in underserved areas. The service requirement is working full-time for two years or part-time for four years. Furthermore, applicants must be licensed in the state and practice at an eligible site to qualify. You can apply for the California SLRP online. 

Under the Steven M. Thompson Loan Repayment Grant program, dentists can get up to $35,000 to $105,000 in exchange for three years of service in an underserved area. 

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Texas offers borrowers as many as nine state-sponsored student loan forgiveness programs. 

The Physician Education Loan Repayment Program states physicians can be eligible for up to $180,000 in exchange for four years of service in a shortage area. 

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The Florida Bar Foundation offers lawyers working in legal aid up to $5,000 per year. This organization works with full-time and part-time employees who work in legal aid for 12 months at a time qualified organization. 

The Nursing Student Loan Forgiveness Program offers nurses repayment assistance of up to $4,000 per year for up to four years. Nurses must work at an eligible site such as a public school, health department, and other qualified locations to become eligible. 

Learn More

Which Program is Right for You?

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