Loan Cancellation and Forgiveness
It’s your responsibility as a borrower to repay the total amount of your loan, plus any interest that has accrued. However, there are some programs that allow your student loan debt to be forgiven.
TeacherLoanForgiveness (TLF) Program. All or a portion of your Stafford loan debt may be forgiven if you’re eligible for TLF. You must have received a Federal Stafford loan after October 1, 1998, teach certain high-demand subjects for five consecutive complete years, and meet all other participation re¬quirements. For more information about TLF, visit www.ogslp.org.
Disability. Your student loan debt may be conditionally discharged and later canceled if you become totally and permanently disabled. The appropriate documentation verifying your permanent and total disability must be certified by your doctor and accepted by your loan holder. If your loans are conditionally discharged, they’ll be permanently assigned to the U.S. Department of Education for a three-year period,
beginning on the date your doctor certifies the discharge application, before your debt is completely canceled.
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