Of course. This type of loan forgiveness is called borrower defense to repayment, sometimes abbreviated to borrower defense.
Great. What happens if I receive a 100% discharge?
In that case you do not receive a separate interest waiver because your entire loan balance, including any interest, is discharged.
Good to know. And who exactly is eligible for this borrower defense?
Under the law, you may be eligible for borrower defense to repayment forgiveness of the federal student loans that you took out to attend a school if that school misled you, or engaged in other misconduct in violation of certain state laws. You may assert borrower defense by demonstrating that the school, through an act or omission, violated state law directly related to your federal student loan or to the educational services for which the loan was provided.
Are you eligible to receive federal student loan forgiveness?
Yes, I am.
In that case you may be able to have all or part of your outstanding federal student loan debt forgiven, and you also may be reimbursed for amounts you have already paid on those loans.
What are you doing to provide help to student loan borrowers during the Covid-19 crisis?
Federal student loan borrowers are automatically being placed in an administrative forbearance, which allows you to temporarily stop making your monthly loan payments. In addition, interest is being temporarily set at 0% on federal student loans.
How will I know how much I have left after the interest is calculated?