September 23, 2021

How to Get Federal Student Loans Forgiven

Chipper Help

There’s so much information out there on how to get federal student loans forgiven that it can be hard to figure out what options are available for you. If you’re struggling to make your payments each month, it may be time to consider federal student loan forgiveness programs. These programs can help you get your loan amounts reduced or cancelled.

As opposed to private loans, federal student loans may qualify you for a student loan forgiveness program. However, it’s best to examine the federal student loan forgiveness programs available so you can determine the best possible option for your situation.

Options for Federal Student Loan Forgiveness

There are a variety of ways to get federal student loans forgiven. For example, you may qualify for loan forgiveness if you work in the public sector, or if you become permanently disabled. A forgiveness program for your federal student loan can help you reduce the amount of money that you have to pay back. You may also qualify for a loan cancellation or discharge under special circumstances. There are different options available on how to get federal student loans forgiven:

Teacher Loan Forgiveness

The Teacher Loan Forgiveness Program is a federal program that provides incentives to college graduates who have been teaching full-time at low-income schools for five consecutive academic years. It is the government’s way of thanking teachers for their hard work and to encourage them to continue teaching at high-need schools.

Public Service Loan Forgiveness

The Public Service Loan Forgiveness (PSLF) program is a federal student loan repayment assistance program that forgives the remaining balance of your loan on the condition that you have already made 120 monthly payments while working full-time in public service jobs. The PSLF program was created to encourage professionals to work in low-paying but critical jobs, including teachers, social workers, first responders, and military personnel.

Closed School Discharge

The Closed School Discharge program may forgive student loans if the borrower’s school suddenly closes. This program is intended to help students who were wrongly left without a school or degree, including students who have faced financial hardship as a result of the school closing.

Total and Permanent Disability Discharge

Students who have a total and permanent disability may be eligible for a discharge of their federal student loan debt. The definition of total and permanent disability is very specific. If you are not sure that you meet the criteria, it’s best to reach out to your student loan servicer for assistance before submitting any paperwork.

There’s Hope in Federal Student Loan Forgiveness

We can all relate to wanting a better future. One of the best ways to ensure you have more financial freedom and security is to pay off your student loans. But, if paying off your student debt has become harder than expected, you can always apply for federal student loan forgiveness. Learn more about how to get federal student loans forgiven with the viable options provided.

Use Chipper for Lower Payments

Chipper can help you find a student loan repayment plan that actually fits into your budget. You simply fill out your information and link your student loan account for us to generate your options in seconds. We help the average student loan borrower save over $300 a month off their student loan monthly payment. Lowering your monthly payment plan can game changing for your personal finance and can be done in minutes! Sign up for Chipper today to get on track with your student loans.

Use Chipper for The Best Path to Forgiveness

Finding your path to student loan forgiveness is easier than ever before. Chipper helps members find better Income-Driven Repayment (IDR) plans every day. Once enrolled in an eligible repayment plan, we can help you explore your forgiveness options and understand your path towards forgiveness. Sign up with Chipper today and get on track with your student loans.

Use Chipper for Round-Ups

Paying off your student loans doesn’t have to be a long and painful journey. Round-Ups are a way to directly pay off your loans with your everyday spending! By tracking your linked spending account(s), we will calculate the rounded up amount from each transaction in a week (IE spending $4.28 would add $0.72 to the weekly amount). We then initiate a payment towards your student loan for the weekly amount. Get chipping away on your student loans with Chipper today.

Use Chipper for Public Service Loan Forgiveness (PSLF)

The Public Service Loan Forgiveness (PSLF) program was created to provide relief to borrowers aiding the public sector. Unfortunately, 30% of applicants are denied due to incorrect paperwork. We can help! Chipper was created to solve this issue by assisting borrowers in understanding their options as well as allowing forgiveness eligible users enroll into the best forgiveness program available. Sign up for Chipper today to see your student loan forgiveness options and get the forgiveness you deserve.

Use Chipper for Teacher Loan Forgiveness (TLF)

The Teacher Loan Forgiveness (TLF) program was created to enable teachers working in Title 1 schools to receive student loan forgiveness of up to $17,500 (depending on their teaching subject). Chipper has helped teachers from all over the country qualify for TLF program and can help you get the forgiveness you deserve today. Find out if you qualify for forgiveness in minutes with our employer search tool.

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