Student Loan Forgiveness FAQs

Welcome to Process my Loans FAQs – your source to the most common questions regarding loans, managing debt and forgiveness programs. We want to get you the answers to as many loan forgiveness questions as possible.

We are continuously updating this information based on customer questions and breaking student loan news.

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What Is Student Loan Forgiveness?

The 2012 Student Loan Forgiveness Act provides relief from student loan debt of both private and federal loans. 10-10 programs are included in HR 4170. These particular programs allow borrowers to pay 10 percent of their discretionary income over a 10-year period to pay off the remaining balance.

Types of Loan Forgiveness Programs
  • Total and Permanent Disability
  • Perkins Loan Cancellation and Discharge
  • Discharge in Bankruptcy
  • Teacher Loan Forgiveness
  • Death Discharge
  • Unpaid Refund Discharge
  • Closed School Discharge
  • False Certification of Student Eligibility or Unauthorized Payment Discharge
  • Public Service Loan Forgiveness
How Do I Find Out If I Qualify For Student Loan Forgiveness?

You may be eligible for forgiveness if you dropped out, graduated or the school closes. Your circumstances aren't taken into consideration in terms of whether or not you have to pay back your loan. This means it doesn't matter if you didn't complete your education, you can't find work in your field or anything else. However, this program may forgive your loans based on certain criteria.

I Didn't Graduate From College, But I'm In Debt. Do I Qualify For Loan Forgiveness?

It doesn't matter if you graduated or not. It doesn't play a role in whether you qualify for forgiveness.

If I Dropped Out Of School Because the Cost of Tuition Was Too Much For Me, Can I Still Get Loan Forgiveness?

Yes, you might be eligible for loan forgiveness even if you dropped out

The School I Attended Closed and I Didn't Graduate. I Still Have Student Loans, But I Was Wondering How to Have Them Forgiven.

Contact us today by clicking here and filling out the form. We can let you know what you qualify for.

I Cant Use My Degree. I'm Unable to Find a Job In My Field, But I Still Owe a Large Amount of Money. Why Should I Have to Pay Back My Loans?

You are still responsible for paying back private or federal loans a majority of the time – 99.9 percent of the time to be exact. However, you may be eligible for federal loan forgiveness. Apply today to see if you qualify for discharge or debt consolidation.

Do I Have to Pay My Loans Back if They Are Over 10 Years Old?

It doesn't matter how old your loans are, you're still required to pay them back.

I Took Out a PLUS Loan to Help Pay For My Child's Education, Can That Be Forgiven?

PLUS loans are a form of federal loan. They're taken out by the parents of a dependent undergraduate in order to help with the cost of their education. You may qualify for loan forgiveness for these loans.

Can Private Student Loans Be Forgiven?

No. You do, however, have options to assist you.


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Process My Student Loans. Student Loan Forgiveness and Debt Relief. Disclaimer: Process My Student Loans is a private company and does not claim to be affiliated with any Federal, State, or Local Government agencies. The Process My Student Loans assists people to obtain Federal Government Student Loan Forgiveness and or Consolidation programs by pre-qualifying, preparing and submitting required documentation on their behalf. People with student loan debt have the legal right to use an attorney or process Federal Student Loan Services documentation on their own behalf.