- Income Contingent Repayment
- Graduated Repayment Repayment
- Standard Repayment
- Income Based Repayment
- Pay as You Earn Repayment
Every consolidated loan will be forgiven at the end of 25 years if a balance is remaining. This means you could be in an income based payment paying less than what you would normally pay in the standard repayment, and after 25 years the balance is forgiven.
To qualify for Public Service Loan Forgiveness, you must have Direct Loans. Consolidating into the Direct Loan program will make you eligible for Public Service Loan Forgiveness if you meet the other criteria of the program.
Teacher Loan Forgiveness is also available to borrowers with Direct Loans, consolidating may make you eligible if you meet the other criteria of the Teacher Loan Forgiveness program.