Use the Public Service Loan Forgiveness (PSLF) Help Tool to determine whether you're eligible for PSLF programs and guide you through the process. You may be eligible to have all your student debt canceled.Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Content. Where to apply for loan forgiveness. The Public Service Loan Forgiveness (PSLF) program forgives the remaining balance on federal direct student loans following 120 months of qualifying payments. You may qualify for forgiveness of the remaining balance due on your eligible federal student loans based on your employment in a public service job. The Biden administration is moving forward to create a new student loan forgiveness plan in the wake of this summer's Supreme Court ruling.