Student Loan Forgiveness Programs

The Department of Personnel and Administration publishes annual, up-to-date information about eligibility requirements for federal loan forgiveness programs designed to incentivize public service and help make the State of Colorado an employer of choice. Recent events have made student loan repayment difficult for many public employees. On this page you can find additional information and strategies for reducing your student loan anxiety.

Refinancing, Consolidating, or Suspending Payment of Student Loans

Many people and families have been hit hard by the response to COVID-19. If you are struggling to make payments on your student loans, the information, strategies, and resources below may assist you in navigating these difficult times.

Public Service Loan Forgiveness Program (PSLF)

If you are employed by a government or non-profit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness Program. The PSLF Program forgives the remaining balance on your direct loans after you have made 120 qualifying monthly payments under a repayment plan while working full-time for a qualified employer.

If you are working toward PSLF, you should complete and submit the Employment Certification for Public Service Loan Forgiveness form (Employment Certification Form) annually or when you change employers.

If you have made 120 qualifying payments, you should fill out and submit the PSLF application.

PSLF Quick Links:

Frequently Asked Questions

Eligibility Information 

Applying for Aid

Teacher Loan Forgiveness Program

Under the Teacher Loan Forgiveness Program, if you teach full-time for five complete and consecutive academic years in a low-income school or educational service agency, and meet other qualifications, you may be eligible for forgiveness of up to $17,500 on your subsidized and unsubsidized student loans. If you have a direct consolidation loan or a federal consolidation loan, you may also be eligible for forgiveness of the outstanding portion of the consolidation loan that repaid an eligible student or Stafford loan.

Teacher Loan Forgiveness Quick Links:

Frequently Asked Questions 

Eligibility Information

Teacher Loan Forgiveness Program Application 

Federal Student Loan Repayment Options

While you might have selected or been assigned a repayment plan when you first began repaying your student loan, you can change repayment plans, for free, at any time. Contact your loan servicer if you would like to discuss repayment options or change your federal loan repayment plan. 

Repayment Options Quick Links:

How to Repay Your Loans

Guide to Federal Student Loans: Repaying Your Loans

If you have questions about eligibility or steps you must take to qualify and participate in the Public Service Loan Forgiveness, Teacher Loan Forgiveness or Federal Student Loan Repayment Programs please visit the website of the Office of Federal Student Aid in the U.S. Department of Education.

For more information about local, state and federal loan forgiveness and repayment programs please reach out to the student loan ombudsperson in the Colorado Attorney General's Office.

Maximizing the Investment Value of your Education

Every investment we make has a return. The return on your investment in education is a direct measure of the value you receive from your educational choices relative to what they might have cost you. Maximizing Value for Students and Our State, the Colorado Department of Higher Education's Annual Return on Investment Report offers Colorado students a better understanding of the value of different degree paths. The department also has an online tool to help Coloradans maximize the return on investment  they receive from the educational loans they take out over time.