Choose Private Student Loan Cancellation
South Lake Tahoe, CA 96150
The most popular type of student loan forgiveness for federal loans is income-driven repayment (IDR). For those who qualify, the person makes payments based on their income for 20 to 25 years before having their debt forgiven altogether. People who work in certain fields might qualify for debt forgiveness after only ten years. Since IDR is a federal program, it only applies to federal loans.