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Can a borrower with a defaulted FFEL loan qualify for Teacher Loan Forgiveness?

April 26, 2017borrower defaulted FFEL loan loan forgiveness qualify Teacher

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Can a borrower with a defaulted FFEL loan qualify for Teacher Loan Forgiveness?

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Yes. If a borrower is in default of a FFEL loan(s), they can become eligible for forgiveness if they have made satisfactory repayment arrangements with the holder of the defaulted loan(s). Arrangements may include making a number of consecutive, on-time, monthly payments.