Managing Your Student Loan Debt

Stafford Loan Forgiveness Program

If you’ve been teaching full-time in a low-income elementary or secondary school, or an educational service agency, for five consecutive years, you may be eligible for the Teacher Loan Forgiveness program.

Public Service Loan Forgiveness (PSLF)

Depending on the amount of your student loans, yearly income, and Income Based Repayment option chosen, you could benefit from PSLF after paying down your student loans for 120 qualifying payments (10 years). There are a lot of variables in choosing this option, but it could be worth it in the long run.

Federal Perkins Loan Cancellation

You may qualify if you serve full-time in a public or nonprofit elementary or secondary school system as a teacher serving students from low-income families; a special education teacher; or a teacher in the fields of math, science, foreign languages, bilingual education or other specialties.


The average bachelor’s degree holder takes 21 years to pay off their loans.

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