Student loan forgiveness is real, but it won’t happen overnight. There is no trick that will make your entire student loan debt disappear. However, you can enroll in certain repayment plans that will lower your monthly payments and allow you to forgive any remaining balance after 20 or 25 years (depending on the plan you choose). You may also qualify for various student loan forgiveness programs that can eliminate a portion of your debt in as little as five years.
Most borrowers are unaware of the numerous federal student loan forgiveness programs available. Depending on your specific situation, you may qualify for one or more of the following programs: