Just like other loan services, FedLoan also provides some student loan forgiveness programs to help the borrower discharged from their student loan debt. If you have joined the FedLoan for your student loan, it will be easier for you to get your student loan forgiveness.
If at this time you cannot pay your student loan off because of your lower income, you can try to submit a student loan forgiveness application. Who knows, your student loan debt will be discharged easily by FedLoan. To apply for FedLoan student loan forgiveness, let’s see what you should do in our post below!
How to Submit a FedLoan Student Loan Forgiveness Application?
Since Fedloan provides a bunch of student loan forgiveness programs, the way to file a student loan application will be different too. Before you apply for FedLoan student loan forgiveness, you may need to know what student loan programs are provided by FedLoan.
Here are some FedLoan Student Loan Forgiveness program you should apply:
- Teacher Loan Forgiveness
You will qualify to get a teacher loan forgiveness program if you teach full-time for 5 complete and consecutive academic years in a low-income elementary school, secondary school or educational service agency.
You definitely will gain up to $17,000 of student loan forgiveness if you meet other requirements. For example, you will gain total student loan cancellation with PSLF (Public Service Loan Forgiveness) if you plan to teach for at least 10 years. You can also apply for student loan cancellation with FedLoan teacher loan forgiveness.
To submit a teacher loan forgiveness application, you just simply fill out the form of teacher loan forgiveness that you can find here. file:///C:/Users/acer/Downloads/TeacherLoanForgiveness.pdf On the form, you will find a bunch of sections you should fill, here they are:
- Section 1: Borrower Identification should be filled by your personal information such as your name, your SSN, your address, your city, your telephone number, etc.
- Section 2: Loan Forgiveness Request
- Section 3: Previous Loan Forgiveness Information
- Section 4: Understandings, Certifications, and Authorization
- Section 5: Chief Administrative Officers
- Section 6: Where to Send the Completed Loan Forgiveness Application
- Section 7: Instructions for Completing the Application
- Section 8: Definitions
- Section 9: Definition of Highly Qualified
- Section 10: Terms and Conditions
- Section 11: Important Notices
Once filling out the teacher loan forgiveness, you need to submit it to your loan servicer after you’ve completed the required five consecutive years of qualifying teaching. After that, the chief administrative officer of the school or educational service agency where you do your qualifying teaching service should complete the certification section. You may also need to submit a separate form to each of them if you’re applying for forgiveness of loans which are with different loan servicers.
- Total and Permanent Disability Loan Discharge
In addition to providing teacher loan forgiveness, FedLoan also offers total and permanent disability loan discharge. Based on a total and permanent disability, you will qualify for a discharge, as long as you are a veteran with a service-connected condition. or have a medically determinable physical or mental impairment.
If you want to apply for total and permanent disability loan discharge, you can apply for student loan cancellation. To apply for a total and permanent disability loan discharge, you may need to get a total and permanent disability form first.
There are three ways to apply for total and permanent disability loan forgiveness, here they are:
- Take TPD discharge application online
If you take this option, it will allow you to start your TPD discharge application online. However, they will use your answers to specific questions to enter information into the application. Then, they will provide you with a partially completed application.
You may need to download and print the TPD discharge form. Once you print your partially completed TPD discharge application, you may have to complete Section 3 of the application. After that, you can either attach your supporting documentation to your application or have a physician complete Section 4 of your application. Last, you can mail your application.
- Download or print blank TPD form
Just like starting a TPD discharge application, you also need to download or print a blank TPD form. You may need to select to open the PDF and print the blank application or to save the PDF to your computer. Then, you can print it.
Afterwards, you may have to complete Section 1 through 3. After that, you can either attach your supporting documentation to your application or have a physician complete Section 4 of your application. Last, you can mail your application.
- Request TPD discharge application by email or phone
If you take this option, it will allow you to contact the servicer by phone or email to ask them to send a TPD discharge form through the mail. If you have received the blank paper, you need to complete section 1 through 3.
After that, you can either attach your supporting documentation to your application or have a physician complete Section 4 of your application. Last, you can mail your application.
Here are the contacts if you need further information about total and permanent discharge loan:
- Phone: 1-888-303-7818
- Email: disabilityinformation@nelnet.net
- Website: www.disabilitydischarge.com
- Mail: U.S. Department of Education, P.O. Box 87130 Lincoln, NE 68501
- Overnight Delivery: U.S. Department of Education, 121 South 13th Street, Suite 201, Lincoln, NE 68508
Okay, those are two FedLoan student loan forgiveness programs that are mostly applied by people. Of course, there are still other FedLoan loan discharge programs that you can take, here they are:
- School Closure
- False Certification of Ability to Benefit
- False Certification (Disqualifying Status)
- False Certification as a Result of Identity Theft
- Unauthorized Signature/Payment
- Unpaid Refund
- Spouses and Parents of 9/11/01 Victims
- Death
Since there are a bunch of student loan forgiveness that FedLoan provides, you may need to choose the proper one, as not all programs of student loan forgiveness FedLoan offer will fit with your need. So, make sure to learn about each FedLoan student loan forgiveness program before you determine to apply to one of FedLoan student loan forgiveness programs.
