Student loan forgiveness update: How borrowers can appeal for forgiveness

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Student loan borrowers can appeal for forgiveness if they have applied to either one of two federal student loan repayment programs. Here's what you need to know.

, there are two federal student loan repayment programs: Public Service Loan Forgiveness and Income-Driven Repayment Forgiveness.is a program that allows student loans to be forgiven for people who are employed by federal, state, local or tribal governments or work in the non-profit sector.

Under this program, loans are usually forgiven after 120 payments or ten years of continuous payments.if you have evidence that your employer is eligible under the program or you disagree with the payment count that was stated in a letter from your PSLF servicer.is a plan which caps your monthly loan payments based on your income. If your income is below a certain threshold, you could pay as little as $0 per month.

 

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