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. Get details about institutional aid and private student loan opportunities that can help you with the cost of a college education.All borrowers, regardless of loan size, can use SBA's direct forgiveness portal. Applying for forgiveness using the portal can take as little as 15 minutes. You will need your work email address, PennID, and information about your student loans.