Skip to Content
 COVID-19 Information from ACCC

Student Debt Forgiveness

Are you eligible for student debt forgiveness?

When you’re overwhelmed by college debt and not sure how to repay student loans, student debt forgiveness programs may be an option.

There are a number of student debt forgiveness programs available to borrowers entering or working in certain fields. Some forgiveness programs are designed to encourage graduating students to enter teaching careers in high-need fields, which vary by state and location. Other student debt forgiveness programs may be available for borrowers who are entering community service, military service, and health services careers.

For help determining whether you are eligible for a student loan debt forgiveness program, consult American Consumer Credit Counseling (ACCC). We offer free counseling sessions where professional credit counselors can help you assess your student debt and direct you to the best options for student loan assistance, including potential student debt forgiveness programs.

Learn about student debt forgiveness at ACCC.

ACCC is a nonprofit organization dedicated to helping individuals and families get out of debt and live debt-free in the future. We provide free credit counseling, free educational resources and a low-cost debt management plan that can help you pay down your debt more quickly.

In your credit counseling session, our highly trained and certified credit counselors will work with you to get a clear picture of your financial situation, review all the options available to you and make a plan with a budget you can live with for getting out of debt.

ACCC counselors can help you explore all the options for repaying student debt, including ways to consolidate student loan debt and restructuring debt to avoid student loan default.

How student debt forgiveness works.

Student debt forgiveness programs are generally restricted to graduates entering a public service field that may not be as lucrative as the private sector. These programs are an incentive for bright young minds in the USA to give back to their communities.

Eligibility for student debt forgiveness is usually determined by the lender. Qualifications for some student debt forgiveness programs can be rather complicated. For some federal loans, for instance, borrowers must be employed full-time in certain public service jobs and have made 10 years of on-time payments on their federal loans. Some loans like FFEL and Perkins loans do not qualify for this program, but they may be consolidated into a Direct Loan, which may qualify. Your ACCC credit counselor can provide more details and direct you to the appropriate resources.

Learn more about student debt forgiveness and student loan debt consolidation at ACCC.

American Consumer Credit Counseling (ACCC) is a nonprofit organization that offers free credit counseling as well as financial advice on managing debt, loan consolidation, how to consolidate credit cards and how to consolidate private student loans. Our student loan services include information and educational materials about student debt consolidation, student loan forgiveness and other ways manage student debt and lower a student loan payment. Our highly trained counselors work with our clients to explore all the options for student loan repayment and help select the most effective strategy for student loan relief based on each client’s financial situation and goals.

American Consumer Credit Counseling - Consolidate Debts - Better Business Bureau American Consumer Credit Counseling - Consolidate Debts - Mass Housing Approved National Industry Standards for Homeownership Education and Counseling American Consumer Credit Counseling - Consolidate Debts  - Council on Accreditation American Consumer Credit Counseling - Consolidate Debts  - NFCC Member