For Public Service: The Public Service Loan Forgiveness Program forgives the remaining loan balance for full-time government and non-profit organization employees after making 120 qualifying payments. Although this program has its flaws, Congress and the Biden Administration have tried to fix it with the Temporary Expanded Public Service Loan Forgiveness Program and, most recently, the PSLF Waiver. PSLF forgiveness is tax-free.
For Disabled Persons: The Total and Permanent Disability Discharge Program offers debt relief to borrowers who suffer a severe and permanent mental or physical disability. TPD cancellation is tax-free.
For Teachers: Educators who work in a low-income school can qualify for The Perkins Loan Cancellation Program and The Teacher Loan Forgiveness Program, which forgives up to $18,500 of federal student loans. In addition, the American Federation of Teachers maintains a database of available grants and funds for your continuing education, professional development, and classroom.
For Medical Professionals: Nurses, doctors, and mental health professionals qualify for PSLF. In addition, check The Association of Medical Colleges for other repayment loan forgiveness options.
For Lawyers and Legal Professionals: Prosecutors, public defenders, and other attorneys working for the government or a nonprofit qualify for PSLF. Check the American Bar Association and Equal Justice Works for additional federal and state-level forgiveness and repayment programs.