Whether you’re a student or parent, years away from college or just a few days away, we have checklists to help you what amount will be refunded for the child’s education ready. Learn how to find and apply for scholarships. Learn about the eligibility criteria for the federal student aid programs. Estimate your monthly loan payments and evaluate repayment plan options.
Are you looking for a loan discharge or forgiveness form? View a list of available loan discharge and forgiveness applications. What are the differences between forgiveness, cancellation, and discharge? When can my federal student loans be forgiven, canceled, or discharged? How do I apply to have my loan forgiven, canceled, or discharged? Do I need to make payments while my forgiveness, cancellation, or discharge application is being reviewed?
What happens if my application is approved? What happens if my application for loan forgiveness, cancellation, or discharge is denied? I’m a parent who took a PLUS loan to help pay for my child’s education. Can my loan ever be forgiven, canceled, or discharged? The terms forgiveness, cancellation, and discharge mean the same thing, but they’re used in different ways. If you’re no longer required to make payments on your loans due to your job, this is generally called forgiveness or cancellation. You must repay your loans even if you don’t complete your education, can’t find a job related to your program of study, or are unhappy with the education you paid for with your loan.
The list below is a quick view of the types of forgiveness, cancellation, and discharge available for the different types of federal student loans. A federal student loan, made through the William D. Ford Federal Direct Loan Program, that eligible students and parents borrow directly from the U. Department of Education at participating schools. To view charts of discharges by loan type, go to Forgiveness, Cancellation, and Discharge Charts. Your eligibility to receive a loan was falsely certified because you were a victim of identity theft.