Federal Employees Student Loan Forgiveness

Federal Employees Student Loan Forgiveness

Federal employees have a lot of opportunities to save money on their student loans. The Federal Employees Student Loan Forgiveness program allows federal employees to have some or all of their student loans forgiven after 10 years’ service and repayment on the loans. This applies to any kind of education, including graduate school, undergraduate study and certification programs.


Federal Employees Student Loan Forgiveness is a program that allows you to lower your monthly payments on student loans by capping them at 10% of your income. The program also forgives any remaining balance after 10 years of qualifying payments.

The terms “Federal Student Loan Forgiveness” and “Public Service Loan Forgiveness” are often used interchangeably, but there are some key differences between the two programs:

  • Federal Student Loan Forgiveness only applies to federal loans, whereas Public Service Loan Forgiveness applies to both federal and private loans — including Perkins Loans, FFELs (Federal Family Education Loans), and Direct Unsubsidized Loans.
  • Federal Employees Student Loan Forgiveness requires 120 monthly payments in an eligible career position or enrollment in an approved repayment plan for up to 20 years before any amount can be forgiven; Public Service Loan Forgiveness requires 120 monthly payments while working full-time at one of several eligible jobs including: law enforcement officers, firefighters/emergency medical technicians (EMTs)/paramedics; armed forces members; public defenders or prosecutors; school teachers/special education providers; public health professionals such as nurses or doctors who work with veterans returning from Iraq/Afghanistan wars etc…

Teacher Loan Forgiveness

If you’re a teacher, head on over to your local teacher union. They can help connect you with the proper paperwork so that you can get your loans forgiven.

  • Teachers who work in low-income schools: These teachers are eligible for forgiveness based on their school’s Title I eligibility status (as determined by the Department of Education). This means that they teach in schools that have a high poverty rate and where at least 40% of students qualify for free or reduced lunch programs. Once again, this is not an automatic process and requires some legwork on the part of teachers who want their loans forgiven as a result of teaching at a high poverty school (and this will also require them to stay employed there).
  • Teachers who teach in shortage areas: Teaching jobs are pretty hard to fill these days, which is why we see so many substitute teachers filling those positions during emergencies or when regular teachers need time off because they’re sick or pregnant or something similar—but not all teachers are required to work outside their subject area when they fill those spots! If you do find yourself filling such an opening though…you may be eligible for Student Loan Forgiveness after five years of service with no loan balance remaining (this excludes Direct Loan consolidation).

If none of these apply…you’re probably outta luck 🙁

Public Service Loan Forgiveness

If you work in public service, you may be eligible for Public Service Loan Forgiveness (PSLF). If you meet these requirements and make 120 qualifying monthly payments on your program, then any remaining balance on your Federal Family Education Loan (FFEL) or Direct Loans will be forgiven.

As long as you’re employed full-time by an eligible employer, you can apply for PSLF no matter how much money is left on your loan. To determine if your employer qualifies under the program’s guidelines, check with them directly or visit the U.S Department of Education’s website for more information about what type of organizations qualify for this forgiveness program.

Federal Employees Student Loan Forgiveness is an awesome program.

Federal Employees Student Loan Forgiveness is an awesome program.

As a federal employee, you may be eligible for up to $45,000 in student loan forgiveness if you make 120 qualifying payments on your loans while working at a qualifying job. That’s right—your loans can be forgiven after just 10 years of working full-time as a public servant!

There are a lot of student loan forgiveness programs out there, but none is as powerful as Federal Employees Student Loan Forgiveness. If you’re eligible for this program, then don’t hesitate to apply!

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