Did you know that your massage school student loan debt may be forgiven by the Department of Education? Great Lakes Loan Servicing has put out this great guide to Student Loan Forgiveness, which explains how forgiveness of student loan debt works. If you're interested in learning how part, or all, of your massage school student loans can be forgiven, read on:
Under special circumstances, the federal government may forgive part, or all, of your federal student loans. Meaning, you're no longer obligated to make your loan payments. It's called loan forgiveness.
These are some of the most common types of loan forgiveness. Note this is not a complete list, and you need to meet certain requirements and provide specific information to qualify.
Teacher Loan Forgiveness
If you teach full-time for five complete and consecutive academic years in a low-income elementary school, secondary school, or educational service agency, you may be eligible for forgiveness of up to $17,500 on your Direct Loan or FFEL program loans. See StudentAid.gov/teach-forgive for more information and a form you can fill out when you have completed your teaching service.
Learn more about the Teacher Loan Forgiveness program, eligibility requirements, and how to apply. (If you aren't already logged in, you'll be asked to do so.)
Public Service Loan Forgiveness
If you get a job at a government or not-for-profit organization and repay your loans based on your income, you may qualify for forgiveness of your Direct Loans after 10 years of payments and employment. See StudentAid.gov/publicservice for more information and for a form you can fill out when you start working to receive confirmation that your employment qualifies for the program.
Note: Servicing for this program is managed by another federal student loan servicer. If you enroll in Public Service Loan Forgiveness, your eligible loans will be transferred from Great Lakes to that servicer.
Total and Permanent Disability Discharge
Learn more about the Total and Permanent Disability Discharge process, eligibility requirements, and how to apply.
Note: Servicing for this process is managed by another federal student loan servicer. If you apply for a Total and Permanent Disability Discharge, your eligible loans will be transferred from Great Lakes to that servicer.
Not Eligible for Total and Permanent Disability?
If you believe you qualify for one of the programs other than the Total and Permanent Disability Discharge, complete and submit a loan forgiveness application form. (If you aren't already logged in, you'll be asked to do so.)
Not finding the right repayment option?
Not everyone follows the same path while in school, or afterward when you're expected to pay back your loans.
Learn more about other repayment options to find the one that best fits your circumstances.