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Potsdam Prepared: Fall 2021 Updates

Loan Forgiveness

Under certain circumstances, the federal government will cancel all or part of an educational loan. This practice is called Loan Forgiveness, Cancellation or Discharge. To qualify, you may need to:

  • Perform volunteer work
  • Perform military service
  • Teach or practice medicine in certain types of communities
  • Meet other criteria specified by the forgiveness program