The US Department of Education recently announced that it will approve federal student loan forgiveness for people who attended the University of Phoenix. Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Content.Where to apply for loan forgiveness. Find out if you are eligible for student debt relief and what will happen to borrowers who receive debt relief, and get answers to relevant FAQs. You may be eligible to have all your student debt canceled. What are the eligibility requirements? Borrowers who are looking for Arizona student loan forgiveness or loan repayment options have a few ways to reduce their debt.