Your loans were disbursed after 10/1/98 AND you teach full-time for 5 consecutive and complete academic years at a Title I school or educational service agency that appears on the Department of Education's Annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits. | Forgives part or all of your educational loan debt, provided you fulfill certain work-related requirements |
Your school:
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Dismisses your monthly loan payments and refunds payments you have already made |
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Cancels your obligation to repay the balance of your student loans |
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Forgives the remainder of your Direct Student Loan balance after you make 120 qualifying payments under an eligible repayment plan, while employed full-time for a qualifying public service-organization |
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