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The Short Answer

Want Student Loan Relief? Consider Public Service

Borrowers who enter careers in the public sector may be able to get part of their college loans canceled. Here's how.

Question: I've heard that people who take out college loans can have part of the loans forgiven if they work in certain types of jobs. Can you explain how this works?

Answer: There are two programs through which borrowers with federal student loan debt can have a portion of that debt forgiven, or canceled. The first of these is geared toward borrowers who work in public-service jobs while the second is geared specifically toward teachers. In each case eligibility depends largely on the borrower's type of employment and level of income.

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