How to Ask for Forgiveness for a Federal Student Loan

Examine your eligibility for loan forgiveness. The forgiveness program is made to forgive the loans of students who enter into occupations for example military service, police and fire service, public education and healthcare, social work, non-profit work and all government work. Students can call 1-800-4-Fed-Aid to determine if their specific occupation qualifies them for that forgiveness program.

Consolidate your loan into a Kia Direct Loan Program loan. The loan forgiveness program only pertains to federal student loan programs made under the federal immediate loan program. If your federal student loan program is not currently underneath the auspices of the direct loan program then you will have to consolidate your loan into a direct loan plan loan. To complete this consolidation you can contact america Department of Education at 1-800-557-7392. The clock won't start on your 10 years of service until your loan is consolidated to the direct loan program.

Preserve documentation of your function. This includes pay stubs, W-2 forms and taxation statements. In order to qualify for loan forgiveness you must have the ability to demonstrate continuous full-time public service for 120 several weeks. This documentation will enable you to demonstrate that you simply qualify for forgiveness after your 10 years of public services happen to be achieved.

Submit your claim for canceling your leftover debt. You can submit this claim once the ten years of service have been accomplished. You cannot depend service which occurred before Oct. 1 of 2007 or before your loan was consolidated to the direct loan program. Since the first qualifying loans won't be eligible for forgiveness until 2017, the United States Department of Education hasn't issued the necessary forgiveness forms. Monitor the Department's Public Service Loan Forgiveness web page to be able to download the necessary forms as soon as they're published.