This is an article from NerdWallet written by Brianna McGurran. It describes four primary programs to get federal student loan forgiveness that will cancel or reduce the amount of money a student owes. First there is Public Service Loan Forgiveness. Your remaining federal student loan balance with be forgiven if you are employed full-time by a nonprofit or the government for at least 10 years. The only loans that are eligible for this type of forgiveness are federal direct loans. The application for this student loan forgiveness will be available in October 2017.  The second program is called Teacher Loan Forgiveness. Teachers who work full time for five consecutive years can have up to $17,500 in direct or Stafford loans forgiven. Then there is Perkins loan cancellation. With this option, borrowers with federal Perkins loans only can have up to 100% of their loans cancelled if they work in public service jobs. Finally, there is income-driven repayment. The federal government offers four main income-driven repayment plans, which requires the borrower to pay a percentage of their monthly income toward their loans. The four plans are: Income-Based Repayment, Income-Contingent Repayment, Pay As You Earn, Revised Pay As You Earn. Depending on the plan, after 20-25 years of making payments, all of these programs automatically forgive your remaining loan balance.

I will incorporate this into my article when presenting the opportunities to reducing the burden of loans.