What are the eligibility criteria for student loan forgiveness?
In Kansas, students must meet certain criteria to be eligible for student loan forgiveness. These criteria include: 1) Attending a postsecondary institution that is eligible for participation in the federal loan program. 2) Having a degree from a postsecondary institution that is accredited by the Higher Learning Commission, or other approved national or regional accrediting agency. 3) Being employed full-time in a public service occupation, defined as a government, public school, or not-for-profit organization. 4) Making at least 10 years of qualifying payments while working in a qualifying public service job, with at least one payment made after October 1, 2007. 5) Making the payments while enrolled in an eligible repayment plan such as the Pay As You Earn Plan or the Revised Pay As You Earn Plan. 6) Having an outstanding loan balance on eligible federal student loans. 7) Applying for federal student loan forgiveness. In addition, students must comply with all other federal and state requirements necessary to maintain eligibility for student loan forgiveness. Eligible Kansas students may also be eligible for student loan deferment or forbearance options. By meeting the eligibility criteria for student loan forgiveness, Kansas students can potentially have a significant portion of their debt forgiven and avoid large amounts of student loan debt.
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