What are the eligibility criteria for student loan forgiveness?
In California, students may be eligible for student loan forgiveness if they meet certain criteria. The criteria include having attended an approved school or program, completing the program, and holding a valid, approved student loan. Additionally, the loan must have been taken out to pay for school expenses such as tuition, textbooks, and other educational costs. The loan must have been taken out to attend an eligible school, not for personal expenses. In addition to these criteria, students must be making payments on their loans, be a U.S. citizen or permanent resident, and must not be in default on any loan. If these criteria are met, the student may be eligible for partial or full forgiveness of their student loan debt. This depends on the specific type of loan the student has taken out. Additionally, some loan forgiveness programs may require the student to meet other qualifications, such as performing public service for a specific period of time, or meeting certain income requirements. It is important to note that the criteria for student loan forgiveness is subject to change. Before applying, students should contact the California Student Aid Commission or their loan provider to find out whether they are eligible for loan forgiveness, as well as what the specific criteria are.
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