Thousands of student-loan borrowers are getting their debt wiped out. Here's how to know if you're one of them.
AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, IL, IN, KY, LA, MA, MD, ME, MN, MO, NC, NE, NJ, NM, NV, NY, OH, OR, PA, TN, VA, WA, and WIEntered repayment on a direct-loan program before January 2015;Had at least two consecutive years of loan forbearance between October 2009 and January 2017;If you do, you likely qualify for restitution payments. You will not need to take any action to receive this relief.
Arkansas, Kansas, Michigan, Rhode Island, South Carolina, Vermont, West Virginia, or a military address postal codeTook out a private subprime student loan — loans for borrowers with low credit scores — through Sallie Mae between 2002 and 2014;Or received a loan to attend a for-profit school onIf you meet these terms, you likely qualify for loan forgiveness. As with the restitution payments, you will not need to take any action to receive relief.
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