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Utilize Program Benefits

During repayment, you may have access to an on-time interest rate deduction if you make a certain number of on-time payments when you first enter repayment.  The length of time required to qualify ranges from 1 year to 3 months, so contact your student loan servicer for details.  There are also forgiveness and exemption programs that are only available to those in repayment:

• Teacher Loan Forgiveness for Stafford Loans – Eligibility requirements and application form
• Teacher Forbearance for Stafford Loans – Eligibility requirements and application form
• Teacher Loan Forgiveness for Perkins Loans – Eligibility requirements and application process
• Child Care Provider Loan Forgiveness Program – Application form, or call 1–888–562–7002 (TDD: 1–800–877–8339) for more information.
• Public Service Loan Forgiveness for Direct Loans – List of qualifying positions

Note that you only qualify for these forgiveness programs if your student loan accounts are in good standing, so make sure to make on-time payments, or to use your deferment or forbearance options if you can't (see below).

Chaperone Assist ⇒ Your Student Loan Chaperone can help you determine if you qualify for any of the loan forgiveness programs.

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