How do I apply for student loan forgiveness?

In Tennessee, applying for student loan forgiveness is a fairly straightforward process. It involves submitting a written request to the lender or loan servicer and providing evidence of your eligibility for the forgiveness program. For federal student loan borrowers, an example of forgiveness is the Public Service Loan Forgiveness (PSLF) Program. This program is offered to those that have made 120 monthly payments (10 years) while working full time for a qualifying employer. To apply, borrowers must download and complete the Employment Certification form found on the StudentLoans.gov website, each time they make a qualifying payment. The form must then be mailed to FedLoan Servicing, the Department of Education’s student loan servicer. Once the loan servicer confirms the borrower’s eligibility, the forgiven loans are moved to a zero balance and no longer require payments. The state of Tennessee also offers student loan forgiveness through the Tennessee Student Assistance Corporation. This program is for Tennessee residents who have graduated from college with student loan debt. Specifically, to qualify, a borrower must have an associate’s or bachelor’s degree, have resided in Tennessee for one year or more, and have fulfilled other qualifications such as having a public service job and making on-time payments for a set amount of time. To apply, borrowers must fill out an application and submit supporting documents such as pay stubs and proof of residence. In order to ensure your eligibility for student loan forgiveness, it’s important to carefully review the requirements for the type of forgiveness you’re applying for and to follow all the instructions on the application. Additionally, it’s a good idea to keep track of all your documentation associated with the application process so that you can refer to it later.

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How do I apply for student loan forgiveness?

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