Student Loan Forgiveness 2024 Who Qualifies Definition. Public service loan forgiveness, teacher loan forgiveness, perkins loan cancellation for. Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest.

Before diving into the application process, let’s break down which types of student loans are eligible for forgiveness under the current programs. Those receiving public service loan forgiveness (pslf);