Idaho Student Loan Forgiveness

Idaho Student Loan Forgiveness

3 min read


What does Idaho Student Loan Forgiveness mean?

If you attended school, you may have student loans. Depending on how much school you attended, these can range from $100 to many thousands of dollars.Loans are basically money that you owe. When you graduate, if you do not pay off those loans, they become yours alone. If you go back to school, these same loans could reappear. However, there are some programs out there that let you erase your debt after certain conditions are met. One of these is called Idaho student loan forgiveness. Many students take advantage of this program to help them further their education without having to worry about huge amounts of debt following them around.

How do I qualify for Idaho Student Loan Forgiveness?

To qualify for this program, you first need to have taken out federally guaranteed student loans. You would then need to have graduated from an eligible institution between 2003 and 2010. To be eligible, you must have had a GPA of at least 2.75 while enrolled in school. Additionally, you may not have missed any classes due to military service unless you received a hardship waiver. Finally, at the time you applied for this program, you could not have been declared bankrupt or placed in federal income-based repayment.

Do I still get paid while my student loans are being erased?

Yes! While you are working towards paying off your student loans, you continue to receive your normal monthly paycheck. As long as you complete 120 qualifying payments, your remaining balance will be forgiven.

Do I need to take care of my original student loans to apply for Idaho Student Loan Forgiveness?

No. Once you have completed your 120 qualifying payments, the Department of Education takes care of them for you.

Can I consolidate my loans again once I am done?

You should absolutely consider consolidating your loans if you find yourself facing additional financial burdens. After completing your 120 qualifying payment plan, you can always refinance your debt. This means borrowing less money to make smaller monthly payments over a longer period of time.

Idaho Student Loan Forgiveness

You currently have loans that need to be paid back. Idaho student loan forgiveness helps those who qualify get rid of their student loans.

may have their student loans forgiven after 10 years of payments.

You must make 120 monthly payments.

Payments cannot exceed 12% of your discretionary income.

The total number of months enrolled in school must be at least 60 (including any breaks).

The following people qualify for federal loan forgiveness based on the above requirements:


Active duty members of the armed forces

Spouses and dependents of veterans and active-duty members of the military get

A police officer was injured while responding to calls.

Firefighters injured in the line of duty

Teachers and professors are injured while performing services for a school, college, university, or technical institute.

Students whose primary job was to provide care to, teach, instruct, train, mentor, counsel, coach, or otherwise assist any individual described above

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Idaho Student Loan Forgiveness-Eligibility Requirements

The following criteria must be met in order to qualify for student loan forgiveness in Idaho:

You must have a qualifying Federal Direct Subsidized Loan.

Your loans must be enrolled under the Income Based Repayment Plan (IBR) while obtaining your Bachelor’s Degree.

You must complete either 120 hours of education in a 12 month period or 150 hours if you are completing your Master’s Degree.

You cannot be delinquent on any federal student loans at the time of filing your application.

All loans must be current at the time of filing your application, meaning they must not be defaulted on.

Any subsidized loans that were discharged before February 14th, 2012 do not count towards meeting this requirement.

Loans obtained after July 1st, 2006 do not count toward meeting this requirement.

If you are married, both you and your spouse must apply. However, only one spouse may receive financial assistance.

Idaho Student Loan Forbearance

If you are unable to make payments due to documented medical circumstances, you may apply for a forbearance. A forbearance does not change the original terms of repayment. Forbearance is granted for a specific length of time, generally 6 months. At the end of forbearance, the amount owed continues at the same level. After forbearance ends, you continue making payments under the original terms of the loan agreement.

Forbearance requires documentation from a licensed physician.

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