Can I qualify for loan forgiveness or discharge?

Great Lakes Higher Education Corp offers loan forgiveness or discharge programs depending on specific eligibility criteria. For federal student loans, borrowers may qualify for forgiveness through programs such as Public Service Loan Forgiveness (PSLF) or Teacher Loan Forgiveness. PSLF forgives the remaining loan balance after making 120 qualifying payments while working full-time for a qualifying employer, such as a government or nonprofit organization. Teacher Loan Forgiveness benefits educators who have been employed full-time for five consecutive years in low-income schools or educational service agencies. Discharge options are available for extreme situations like permanent disability or closure of the school. It is crucial to review the specific requirements and consult with the loan servicer to determine eligibility for loan forgiveness or discharge programs. Further information about these options can be found on the Great Lakes Higher Education Corp website or by contacting their customer service.