Skip to main contentSkip to main content
You have permission to edit this article.

Student Loan Forgiveness In Florida

  • 0
Student Loan Forgiveness In Florida
Support this work for $1 a month

Almost half of the college graduates in Florida have student loan debt, according to The Institute for College Access & Success (TICAS). On average, students in the state are leaving school with more than $24,000 in student debt as of the 2019-20 school year.

While student loan debt in Florida is the eighth-lowest in the nation, there are still millions of Floridians trying to manage their student loans. And luckily for some, the Sunshine State offers some student loan forgiveness options.

How Does Florida Student Loan Forgiveness Work?

The two Florida-specific programs—for nurses and lawyers—both forgive a portion of student loan debt for qualified borrowers. To be eligible, you must full-time work at specific employers for a set amount of time. Although neither program will totally forgive your debt, both offer assistance for multiple years.

Student Loan Forgiveness Programs in Florida

If you’re a lawyer or nurse, you might qualify for one of these student loan forgiveness programs in Florida.

1. Nursing Student Loan Forgiveness Program (NSLFP)

The Florida NSLFP offers up to $4,000 a year per enrollee for up to four years. That means borrowers can expect up to $16,000 in forgiveness, if eligible.

To qualify for this program, you need to:

  • Be a licensed LPN, RN or ARNP in Florida
  • Have student loans that were used for a degree in nursing
  • Work full time at a designated employment site

Deadline: NSLFP has rolling enrollment dates and deadlines throughout the year. For instance, the first deadline each year has an application window from Feb. 1 to March 1. The application deadline is March 1 and the enrollment date is April 1. The next application window starts on May 1.

You can find more information about the program through the Florida Department of Education Office of Student Financial Assistance.

2. Loan Repayment Assistance Program (LRAP)

The Florida Bar Foundation runs the LRAP, providing up to $5,000 per person, per year in the form of a loan. Recipients are required to use the funds to pay down student debt—then the loan is forgiven.

You’re considered eligible for this program if you’re a lawyer who:

  • Is legally authorized to practice law in Florida
  • Works for an eligible civil legal aid organization
  • Spends over half your time providing legal services and assistance to clients on behalf of that organization

As long as the work meets the required standards, you’re considered an eligible participant. However, executive directors, interim executive directors and staff members who handle more administrative work are not eligible. Public service attorneys are also not eligible.

Since the program comes in the form of a loan, you’ll need to stay eligible throughout the duration of the term. For example, if you leave your job (whether you’re terminated or quit) during the loan period, you could be required to repay the LRAP loan instead of having it forgiven.

Deadline: For lawyers looking for assistance for the 2023 year, the application window opens in October of the year prior.

You can find more information about the program through the Florida Bar Foundation.

Consider These Other Loan Forgiveness Options

Public Service Loan Forgiveness

Public Service Loan Forgiveness (PSLF) is one of the most recognizable student loan forgiveness opportunities offered. It’s only available through the Department of Education for federal student loan borrowers who are currently enrolled in an income-driven repayment plan and work full-time for a qualified government employer or nonprofit.

You’ll need to make 120 qualifying monthly payments to be eligible. After this, your remaining balance is forgiven.

Teacher Loan Forgiveness

Teachers who work full-time for at least five consecutive years at an eligible low-income school or agency might be eligible for teacher loan forgiveness through the Department of Education. You’ll need to have at least a bachelor’s degree and state certification—and not have any certification or licenses waived.

National Health Service Corps Loan Repayment Program

Eligible healthcare workers could get upwards of $50,000 in loan forgiveness through the National Health Service Corps (NHSC) Loan Repayment Program. To qualify, you must have worked full-time for at least two years at an NHSC-approved substance use disorder (SUD) facility.

Keep in mind that NHSC offers a few different loan forgiveness programs for different workers. So if you’re not eligible for one, you might qualify for other healthcare worker forgiveness.

Income-Driven Repayment

There are four federal income-driven repayment (IDR) plans available:

  • Revised Pay As You Earn (REPAYE)
  • Pay As You Earn (PAYE)
  • Income-Based Repayment (IBR)
  • Income-Contingent Repayment (ICR)

With these plans, repayment is based on a percentage of your discretionary income—anywhere from 10% to 20%—and your household size. After 20 or 25 years, depending on your plan, the remaining balance of your federal student debt is forgiven.

You’ll need to update your IDR plan annually to reflect any changes to your income or family size (even if there hasn’t been any change). You can also do this before your annual certification so your loan servicer can recalculate your payment amount.

Not all loans are eligible for an IDR plan, so you’ll need to make sure your loans qualify before enrolling.

More from Forbes Advisor


Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Most Popular

Over the past couple of years, there has been a lot of commotion within the federal student loan system. Some of the changes offered welcomed relief to borrowers, such as the temporary pause on monthly payments and interest charges due to the Covid-19 pandemic. But other long-term adjustments simply led to further confusion. One of […]

If you have federal student loans, you may have received a notification that your loans are being transferred to a new loan servicer. Navient, one of the largest federal loan servicers, ended its federal contract in 2021. All of the federal loans it managed were transferred to Aidvantage, a division of Maximus Federal Services. The […]

College students with financial need have access to various aid opportunities to help make higher education more attainable. One of these need-based financial aid programs is the Federal Supplemental Educational Opportunity Grant (FSEOG) program. In the 2021-22 academic year, nearly $875 million in FSEOG grant funds were awarded to eligible students across 3,500 schools nationwide. […]

If you want to save money on your student loan repayment, you may have been advised to refinance. Depending on your financial circumstances, that may indeed be the best way forward. But how exactly does refinancing save you money, and what should you consider before submitting an application? Here’s what to know about this strategy […]

Your love for animals drove you to pursue a career as a veterinarian. But you’re less thrilled about your student loans, which are becoming increasingly common among those that work in veterinary medicine. Outstanding student loan debt is growing 4.5 times as fast as incomes for new veterinary school graduates, according to the American Veterinary […]

Get up-to-the-minute news sent straight to your device.


News Alerts

Breaking News