Us government student loan repayment programs

The federal government offers assistance with educational loans through two programs: the federal student loan repayment program and the public service loan forgiveness program. In return, you have to work at that agency for at least 3 years. All 15 cabinet-level departments participate in the program, plus more than 20 independent agencies.

Many agencies specify the types of degrees necessary to qualify for the program and will tailor their plans to recruit highly qualified candidates for hard-to-fill positions. If you are interested in applying, contact an individual agency to find out more about their specific loan repayment program. Many agencies also include information about loan repayment on their websites.

Most federal student loans are eligible for at least one income-driven or income-based repayment plan IBR. These repayment plans are based on a percentage of your discretionary income. Your loan originator can answer your questions about repayment. If you don't know who your loan originator is:.

To use this system, you will need to create an account that will allow you to:. If you and your loan servicer disagree about the balance or status of your loan, follow these steps to resolve your disputes:.

You may be able to solve a dispute by simply contacting your loan servicer and discussing the issue. Get tips on working through an issue with your loan servicer to resolve the dispute. The FSA Ombudsman works with student loan borrowers to informally resolve loan disputes and problems.

Contact your loan servicer immediately for help, and ask them about your options. This system contains financial aid information collected from schools, agencies, and other educational institutions. The myeddebt. There are multiple ways to contact the Default Resolution Group , or you may call For more information on defaulted student loans, see Understanding Delinquency and Default.

You may qualify to have some or all your federal student loan amount forgiven if you enter and continue to work full-time in a nonprofit or public service job. Under certain circumstances, a school or financial institution will agree to cancel or discharge a loan.