Everything You Need to Know About Loan Forgiveness for Military Personnel


Welcome to this comprehensive guide on loan forgiveness for military personnel. As a soldier, sailor, airman, or Marine, you have answered the call to serve your country, and in doing so, you have made many sacrifices. One of those sacrifices may have been financial, as you put your education or career on hold to serve. However, there are options for loan forgiveness and repayment that are available to military personnel. This article will provide you with all the information you need to know about loan forgiveness for military personnel.

Greetings to Our Military Personnel

Before we dive into the details regarding loan forgiveness, we want to start by thanking all our military personnel for their service. Your sacrifice and commitment to our country are essential, and we appreciate everything you do. We hope that this article will help you understand your options when it comes to loan forgiveness and provide some relief.

Loan Forgiveness Military: What You Need to Know

Who Qualifies?

Military personnel who are eligible for federal student loan forgiveness typically meet one of two criteria:

Service in a combat zone
Military personnel who served in a designated combat zone may be eligible to have their student loans forgiven.
Service in a high-need area
Military personnel who serve in high-need areas, such as public schools, may also be eligible to have their loans forgiven.

What Types of Loans are Eligible?

Only federal student loans are eligible for loan forgiveness for military personnel. Private loans are not eligible.

How Much Can Be Forgiven?

The amount of loan forgiveness varies depending on the program. Some programs forgive the full amount of the loan, while others forgive a percentage based on the number of years of service.

What Programs Offer Loan Forgiveness?

Several loan forgiveness programs are available to military personnel. These include:

  • Public Service Loan Forgiveness Program (PSLF)
  • Teacher Loan Forgiveness Program
  • Perkins Loan Cancellation and Discharge
  • Department of Defense Student Loan Repayment Program (LRP)
  • National Health Service Corps Loan Repayment Program (NHSC LRP)
  • Army Student Loan Repayment Program (SLRP)
  • Navy Loan Repayment Program (LRP)

How to Apply for Loan Forgiveness?

To apply for loan forgiveness, you must contact your loan servicer or complete the necessary paperwork for the specific program you are applying for. You will need to provide proof of your military service, and for some programs, you may need to demonstrate financial hardship.

How Long Does it Take?

The time it takes to process a loan forgiveness application can vary, but it typically takes several months. If you are applying for loan forgiveness through the PSLF program, you can submit an Employment Certification Form annually to track your progress towards forgiveness.

Can You Apply for Loan Forgiveness if You Are Currently Serving?

Yes, military personnel who are currently serving can apply for loan forgiveness.

FAQs about Loan Forgiveness for Military Personnel

1. Can I combine loan forgiveness programs?

Yes, depending on the program, you may be eligible for multiple loan forgiveness programs.

2. Will I owe taxes on the forgiven amount?

For some loan forgiveness programs, the forgiven amount may be considered taxable income. Check with a tax professional to determine if you will owe taxes on forgiven amounts.

3. Can I transfer my loan forgiveness benefits to a family member?

No, loan forgiveness benefits cannot be transferred to family members.

4. What if my loans are in default?

You may still be eligible for loan forgiveness, even if your loans are in default. Contact your loan servicer for more information.

5. Will applying for loan forgiveness affect my credit score?

No, applying for loan forgiveness will not affect your credit score.

6. Can my spouse or children be eligible for loan forgiveness?

No, only military personnel who meet the eligibility criteria can qualify for loan forgiveness.

7. Can I apply for loan forgiveness if I am in the Reserves or National Guard?

Yes, military personnel who serve in the Reserves or National Guard may be eligible for loan forgiveness.

8. Can I apply for loan forgiveness if I am a veteran?

Yes, veterans may be eligible for loan forgiveness programs.

9. Are there any fees associated with loan forgiveness?

No, there are no fees associated with loan forgiveness programs.

10. Can I apply for loan forgiveness if I was discharged due to a service-connected disability?

Yes, military personnel who were discharged due to a service-connected disability may be eligible for loan forgiveness.

11. How often do I need to renew my application for loan forgiveness?

It varies depending on the program. For the PSLF program, you will need to submit an Employment Certification Form annually.

12. Can I apply for loan forgiveness if I have already paid off my loans?

No, loan forgiveness programs only apply to outstanding loan balances.

13. Can loan forgiveness be retroactive?

It depends on the program. Some programs, like the PSLF, can be retroactive and forgive previous payments made towards qualifying loans.


If you are a military member struggling with student loan debt, there are options available to you. Loan forgiveness programs can provide relief by forgiving some or all of your outstanding loan balances. Be sure to explore all the available programs to determine which program is the best fit for your situation.

At the end of the day, your service is appreciated, and we hope this guide has provided some valuable information that you can use to achieve financial freedom.

Closing Disclaimer

The information contained in this article is for informational purposes only and should not be considered legal or financial advice. Military personnel should consult with a financial professional regarding their specific circumstances and eligibility requirements for loan forgiveness programs.