Texas Tech University

Loan Cancellation & Forgiveness

You must repay your loans even if you don't complete your education, can't find a job related to your program of study, or are unhappy with the education you paid for with your loan. However, certain circumstances might lead to your loans being forgiven, canceled, or discharged.

Type of Forgiveness Federal Direct Stafford / PLUS Loans Federal Perkins Loans Texas B-On-Time (BOT) Loan
Total and Permanent Disability Discharge X X
Death Discharge X X
Teacher Loan Forgiveness X
Public Service Loan Forgiveness X
Perkins Loan Cancellation and Discharge (includes Teacher Cancellation) X

Important Tips

  • Cancellation/forgivenss is not automatic; borrowers must submit a completed application to their servicer.
  • The servicer will determine eligibility and notify the borrower once the request has been processed.
  • The borrower is responsible to continue making regular monthly payments until the request has been processed.

Application Process

Borrowers must contact their loan servicer to apply for any of the cancellation or forgiveness options.(A servicer is the organization/entity responsible for collecting payments and managing the loan during repayment.)

Federal Direct or PLUS Loans: Your loan servicer will provide details and forms needed to complete the application process. Borrowers can identify their loan servicer by looking up their loan details on NSLDS (National Student Loan Database System).

Federal Perkins or Institutional Loans: The Texas Tech University Financial Aid Office will handle your requests. You will need to complete the appropriate application form (below) and return the original form to the Loan Office for processing. NOTE: Submitted forms must be original, fax copies are not accepted.