Every month, HESC’s “Question and Answer” Web feature includes an interesting question presented to the Office of Counsel and Regulatory Compliance staff. This month’s winning question is:

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

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.

Direct questions regarding this guidance to the Office of Counsel and Regulatory Compliance at 518-473-3986; or toll-free at 1-866-431-HESC (1-866-431-4372), press 6; or via email at askpolicy@hesc.org.