This information is subject to change. Always contact your loan servicer(s) with questions and concerns. Follow changes on studentaid.gov
| Loan Forgiveness Source | Name of Program | What is it? | Where do I have to work? | How long do I have to work before I qualify |
|---|---|---|---|---|
| HRSA National Health Service Corps | Loan Repayment Program | Receive loan repayment assistance through the NHSC Loan Repayment Program (NHSC LRP). Must serve at an NHSC-approved site in a Health Professional Shortage Area (HPSA) | NHSC-approved site | 2 years |
| HRSA National Health Service Corps | Substance Use Disorder Workforce Loan Repayment Program | Supports the recruitment and retention of health professionals needed in underserved areas to expand access to SUD treatment and prevent overdose deaths. | NHSC-approved SUD service site | 3 Years of full-time or part-time service |
| HRSA National Health Service Corps | Rural Community Loan Repayment Program | Loan forgiveness for providers working to combat the opioid epidemic in the nation’s rural communities. Provides evidence-based substance use treatment, assist in recovery, and prevent overdose deaths across the nation. | NHSC-approved rural SUD service site | 3 Years of full-time or part-time service |
| Federal Student Loan Aid | Income Driven Repayment Plan: Revised Pay As You Earn Repayment Plan (REPAYE) | Any borrower with eligible federal student loans. Pay typically 10% of your discretionary income per monthly payment. Receive forgiveness after either a 20 or 25 year period of time. | N/A | 20 years if all loans you’re repaying under the plan were received for undergraduate study. 25 years if any loans you’re repaying under the plan were received for graduate or professional study. |
| Federal Student Loan Aid | Income Driven Repayment Plan: Pay As You Earn Repayment Plan (PAYE) | Generally, 10 percent of your discretionary income, but never more than the 10-year Standard Repayment Plan amount. Payment must be less than what you would pay under the Standard Repayment Plan with a 10-year repayment period. Meet this requirement if your federal student loan debt is higher than your annual discretionary income or represents a significant portion of your annual income. To qualify for the PAYE Plan you must also be a new borrower. | N/A | 20 years |
| Federal Student Loan Aid | Income Driven Repayment Plan: Income-Based Repayment Plan (IBR) | Generally 10 percent of your discretionary income if you’re a new borrower on or after July 1, 2014*, but never more than the 10-year Standard Repayment Plan amount. Generally 15 percent of your discretionary income if you’re not a new borrower on or after July 1, 2014, but never more than the 10-year Standard Repayment Plan amount. The payment you would be required to make must be less than what you would pay under the Standard Repayment Plan with a 10-year repayment period. You’ll meet this requirement if your federal student loan debt is higher than your annual discretionary income or represents a significant portion of your annual income. | N/A | 20 years if you’re a new borrower on or after July 1, 2014 25 years if you’re not a new borrower on or after July 1, 2014 |
| Federal Student Loan Aid | Income Driven Repayment Plan: Income-Contingent Repayment Plan (ICR) | Any borrower with eligible federal student loans can make payments under this plan. Only available income-driven repayment option for parent PLUS loan borrowers. Although PLUS loans made to parents can’t be repaid under any of the income-driven repayment plans (including the ICR Plan), parent borrowers may consolidate their Direct PLUS Loans or Federal PLUS Loans into a Direct Consolidation Loan and then repay the new consolidation loan under the ICR Plan (though not under any other income-driven plan). | N/A | The lesser of the following: 20 percent of your discretionary income or What you would pay on a repayment plan with a fixed payment over the course of 12 years, adjusted according to your income or 25 years |
| Federal Student Loan Aid | Public Service Loan Forgiveness Program | Forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer. Receive credit toward PSLF (Public Service Loan Forgiveness Program) or TEPSLF (Temporary Expanded Public Service Loan Forgiveness) for the period of suspension as though you made on-time monthly payments in the correct amount while on a qualifying repayment plan. Student Loan Dashboard on Student Aid site assists in tracking number of payments made towards program out of 120. | Government organizations at any level (U.S. federal, state, local, or tribal) – this includes the U.S. military, or Not-for-profit organizations that are tax-exempt under Section 501(c)(3) of the Internal Revenue Code, or Serving as a full-time AmeriCorps or Peace Corps volunteer also counts as qualifying employment for the PSLF Program. | 120 qualifying payments |
| Federal Student Loan Aid | Biden Administration One-Time Federal Student Loan Debt Relief | This program is currently blocked by court orders. This plan includes loan forgiveness of up to $20,000. Up to $20,000 in debt relief if you received a Federal Pell Grant in college and meet the income requirements and up to $10,000 in debt relief if you didn’t receive a Federal Pell Grant in college and meet the income requirements. Applications already submitted are being held. Subscribe and check back for updates on application reopening. Need to apply no later than Dec. 31, 2023. The debt relief applies only to loan balances you had before June 30, 2022. | N/A | The debt relief applies only to loan balances you had before June 30, 2022. Tax dependent (based on 2020 or 2021 income) – Did not file taxes and made less than required income to file federal taxes – Single and made under $125,000 – Married, filed taxes separately, and made under $125,000 – Married, filed taxes jointly and made under $250,000 – Head of household and made under $250,000 – Qualifying widow(er) and made under $250,000 |
| Indian Health Services | Indian Health Services Loan Support | Clinicians to repay their eligible health profession education loans (up to $40,000) in exchange for an initial two-year service commitment to practice in health facilities serving American Indian and Alaska Native communities. Based on Indian health program facilities with the greatest staffing needs in specific health profession disciplines. Eligible to extend your contract annually until your qualified student debt is paid. | Health facilities serving American Indian and Alaska Native communities Health facilities serving American Indian and Alaska Native communities. | 2 Years |
| Additional Resources | |
|---|---|
| Student Financial Services at UWM | Student Financial Services through UWM are available to all current students and alumni. Services include advising on loan repayment and forgiveness options and directing students to their loan servicer for specific questions as changes can occur frequently and they will be most up to date with those changes. Students can utilize GradReady which is a tool that provides resources on paying for college, money management and real-world finance. More information on Financial Aid resources through UWM. |
| Loan Officer – Personal Loans | The Loan Officer associated with your personal loan(s) is also another highly knowledgeable source. Check your loan website(s) for information on how to contact your officer. |