If you need assistance in applying for this program, APPLY HERE!
Understanding Loan Forgiveness
Forgiveness, cancellation, or discharge of your loan means that you are no longer required to repay some or all of your loan.
Differences Between Forgiveness, Cancellation, and Discharge
The terms forgiveness, cancellation, and discharge mean nearly the same thing, but they’re used in different ways. If you’re no longer required to make payments on your loans due to your job, this is generally called forgiveness or cancellation. If you’re no longer required to make payments on your loans due to other circumstances, such as a total and permanent disability or the closure of the school where you received your loans, this is generally called discharge.