Who Qualifies for Student Loan Forgiveness?

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The way to determine qualifications for student loan forgiveness is by going to the Web site for the Department of Education. Find out how people who work for the federal government can qualify for student loan forgiveness with help from a financial aid officer in this free video on student loans and financial aid.

Part of the Video Series: Financial Aid
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Video Transcript

Hi, my name is Brook Kramer, and I'm the financial aid officer at Argosy University in Salt Lake City, and today I'm going to let you know who qualifies for financial aid forgiveness, usually student loan forgiveness. The way you can determine whether or not you're going to qualify is to go to the Department of Education website, to see if you qualify. Most people who do qualify are either working for the federal government, or also who are teachers. Many teachers qualify for a loan forgiveness program, but there are many stipulations to these forgiveness programs, so you want to definitely find out what qualifications you need and also what stipulations are included before you qualify for those loan forgiveness programs. Times students wouldn't qualify for loan forgiveness is if there is, say, an accident, or if you become disabled, or even if you don't like the education you were given. During all of these circumstances, you are still obligated to repay your loan, so it's very important that, before you even stop making payments on your loans, that you talk to your lender to find out what qualifies you for loan forgiveness, or even loan deferment if such incidents have happened. If you have any other questions, please feel free to check out our website at www.argosy.edu.


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