Contents
- 1 1: Can a Student Loan Be Forgiven in India?
- 2 2: Can I Apply for Student Loan Forgiveness in 2025?
- 3 3: How to Apply for Student Loan Forgiveness
- 4 4: Can You Get Student Loans Forgiven If You Are on Disability?
- 5 5: Do Student Loans Go Away After 20 Years?
- 6 7: Frequently Asked Questions (FAQ)
- 7 6: My Opinion on Student Loan Forgiveness
Hy, friend! The student loan issue is worrying you too is not it? Be it India or the US, the burden of this loan weighs on the mind.
Think I took a loan for college fees and now the tension of repayment, In India people ask, can this loan be waived off And in the US too.
there is confusion as to which forgiveness program will work. Everyone thinks the same thing how to get the money back or is there any way to get forgiveness?
Anyone can have this stress especially when the pocket is empty and there is pressure of EMI.
I will make everything clear in this article I will explain to you who can apply how to apply and what are the latest updates for 2025.
I have checked the US Department of Education and the government schemes of India then you will get solid information. Just read and the tension of the loan will reduce a bit for sure
1: Can a Student Loan Be Forgiven in India?
The scene of getting student loan waived off in India is a bit tricky. There is no big waiver program here like the US.
But there are some options like the Central Sector Interest Subsidy Scheme (CSIS). which waives interest for low-income students if the family income is less than Rs. 4.5 lakh.
There are schemes in some states too which waive some part of the loan for economically weaker sections. But full loan waiver That is very rare friend It is possible only in special cases.
If you are not able to repay the loan the problem can get worse. The bank can ruin your credit score and you can also take legal action.
So it is better to make a repayment plan and talk to the bank. If you are thinking how will I get rid of the education loan then check with the bank or government schemes and you may get some relief.
2: Can I Apply for Student Loan Forgiveness in 2025?
Friend Is there a chance of student loan forgiveness in 2025 In the US yes programs like Public Service Loan Forgiveness (PSLF) and Income-Driven Repayment (IDR) plans are still running.
For PSLF, you have to work full-time in the government or nonprofit and pay regular EMIs for 10 years (120 payments).
In IDR plans the remaining loan can be forgiven after making payments for 20-25 years. Just check your loan type only Direct Loans qualify.
You can apply by going to StudentAid.gov you will get the same forms. But hurry a little because the rules can change
Biden waived $188.8 billion in loans for 5.3 million borrowers through 2025 which is a big score But now that a new administration is coming in programs like the SAVE plan are caught in legal issues there was a possibility of low payments and quick forgiveness but the courts stopped it.
PSLF is safe for now but there is some uncertainty because of Trump rule changes. So apply now and talk to your loan servicer (like Nelnet) to confirm.
Keep the documentation ready employment proof and payment history so there is no hassle.
3: How to Apply for Student Loan Forgiveness
Do you want to apply for student loan waiver This work is a little systematic in the US. First check which program is right for you for PSLF you need a public service job IDR plans give waiver after 20-25 years of payments or Borrower Defense if the college has committed fraud.
Get the documents ready employment verification (for PSLF) and income proof (for IDR). Then go to StudentAid.gov you will get the forms there.
You can also contact through loan servicer like Nelnet. Track the status of your application and if there is any update,
Do not forget to follow up Do not make any mistake wrong loan type or missing papers may lead to rejection.
It is difficult to get full forgiveness in India, but you can try for EMI restructuring or Central Sector Interest Subsidy Scheme by talking to the banks.
Avoid common mistakes double check that your loan documents are complete and match the program rules.
If you are in the US keep checking the updates on Biden forgiveness plan and in India talk to the bank manager directly. Keep everything clear and apply on time otherwise your chance could slip away.
4: Can You Get Student Loans Forgiven If You Are on Disability?
So, if you cannot work due to disability there is a solid option in the US Total and Permanent Disability (TPD) Discharge.
In this, your entire student loan can be forgiven, You just have to show medical documents or VA/SSA certification that you cannot work.
This program has started again in 2025 and now you can apply through the new platform on StudentAid.gov.
The process is simple upload documents and keep tracking the status But do it quickly so that there are no issues.
There is no such big disability-based waiver in India friend. But you can talk to the banks and restructure the loan like reducing the EMI or extending the time.
Keep the documents ready the medical proof should be solid. Banks in India are a little strict so talk clearly and ask about the scheme.
If you are in the US check the rules of the Department of Education and do not delay in applying.
5: Do Student Loans Go Away After 20 Years?
Dear, in the US if you are on Income-Driven Repayment (IDR) plans like SAVE or PAYE, then after 20-25
years of payment the remaining loan can be waived off The EMI in these plans is determined according to your income-if your income is low like below $32,800 then you might even have to pay $0.
Just make regular payments for 20-25 years and the rest of the loan will be forgiven. To apply go to StudentAid.gov select the IDR plan and provide income proof. Good news This waiver is tax-free until 2025
There is no such scenario in India friend. The loan does not expire on its own if not repaid, the bank can take legal action or seize the assets.
Tax rules are different according to the states so confirm with the bank. If you are in the US you can avail IDR but in India it is better to pay regular EMIs so that there is no headache.
7: Frequently Asked Questions (FAQ)
How do I know if my student loan has been forgiven?
Check StudentAid.gov or call your loan servicer like Nelnet for updates on your forgiveness status.
Can I apply for student loan forgiveness while in school?
You gotta be in repayment mode to apply for forgiveness, not during studies.
When can I apply for student loan forgiveness?
In the US, apply anytime via StudentAid.gov if you qualify for PSLF or IDR. Talk to banks in India.
Can you avoid repaying student loan?
Avoiding repayment tanks your credit score. Legal forgiveness programs are the only legit way out.
6: My Opinion on Student Loan Forgiveness
The student loan waiver scene like PSLF or TPD is a game changer for many students in the US but its cost falls on the taxpayers so some people also criticize it.
There is no such solid program in India and this is a big problem. India should also bring in structured waiver schemes to support low-income students,
But to tell you the truth waiver is a temporary fix-the real issues are the increase in college fees and shortage of jobs.
I say if you can still apply then do it check StudentAid.gov in the US and talk to the bank in India. Take action quickly explore options because this loan cycle can go on for a long time friend.