The Truth Behind Student Loan Forgiveness Claims

Student loan forgiveness can seem like a dream come true, but it’s important to know the facts. Not all loans or repayment situations qualify, and it often requires years of consistent payments and working in specific job sectors. Therefore, always thoroughly research and understand the conditions of any forgiveness program before relying on it to clear your student debt.

Loan Forgiveness Program (PSLF) for those working in healthcare professions.

  • The program only works with Federal Direct Loans. It doesn’t apply to FFEL loans or private student loans.
  • You need a full-time job with an approved employer like a hospital, university, or any non-profit or government organization. You can also qualify if you have more than one part-time job adding up to 30 hours or more per week.
  • You need to pay your loans through a payment plan based on your income, such as PAYE, REPAYE, or IBR.
  • After you’ve made 120 payments (around 10 years if you make all payments without skipping) while sticking to the above rules, you can apply to have the remaining loan balance forgiven, and you won’t have to pay tax on it!
  • It’s important to fill out a form for the program to ensure your job qualifies.
  • The PSLF program was previously managed by FedLoan Servicing but is now run by a company called MOHELA.
  • There was a temporary rule, called the “limited PSLF waiver,” that allowed some payments that wouldn’t usually count towards the forgiveness program to be credited. However, this ended on October 31, 2022.
  • Despite the end of this waiver, the U.S. Department of Education is still working out how it affects loans. So, if your loans are federally managed, you might see an increase in the number of payments counted toward your income-driven repayment and loan forgiveness.


Perkins Loan Cancellation

Some healthcare workers can get their Federal Perkins Loans canceled after working full-time for five years. This includes roles like:

  • Registered Nurses
  • Licensed Practical Nurses
  • Certified Nursing Assistants
  • Medical Assistants
  • Advanced Practice Registered Nurses
  • Licensed Medical Technicians


Most healthcare workers don’t have a lot of Perkins Loans, but getting any loan forgiven is a big help.

Paying back student loans can be tricky, especially for people working in healthcare. Going for the lowest interest rate and paying everything back might not always be the best plan. Sometimes, it can cost more because there are many ways to get your loans forgiven or different payment plans you can use.

Things like your career path, getting married (which can change your loan payments), and other money goals can make it even harder to know what to do. So, it’s not always easy to figure this out by yourself.

If you need help with, call the Federal Student Aid Information Center at this number: 1-800-4-FED-AID (which is also 1-800-433-3243). You can also get in touch with them through the “Contact Us” page on the website.

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  • Students applying through the American Job Center Hawai’i are not eligible for simultaneous enrollment and attendance. In order to qualify, students must first be placed on a deferred start if they opt to apply for AJCH funds.

  • Scholarship and Grant funds are not available for the CNA program. 

  • PersonAbility™ is a registered trademark of the National Healthcare Association.

  • Income specifications are based on the median average salary for the State of Hawai’i as defined by the Bureau of Labor Statistics, as cited on the Allied Health Schools website. Program pricing applies solely to individual programs.

  • Program costs, taxes, and other fees are subject to change without notice at the time of publication. For the most current information, please consult with your admissions advisor.

  • Interest is calculated at a rate of 19% monthly, in addition to the balance of outstanding funds over the duration of the program, and is subject to change without notice.

  • The Career College of the Pacific assists students with computer discount programs and, in certain cases, offers students the use of college-owned computers during their enrollment. These computers remain the property of the Career College of the Pacific until the student’s graduation. Students who withdraw, drop out, or fail to complete the program are obligated to return the computer system within 10 days. Failure to do so will result in the system’s cost being deducted from any refund due.

  • The maximum number of billing and coding certifications is two, and CompTIA is four. The college covers the cost of a single certification exam, as outlined in the student catalog. The monthly payment estimates provided are examples and do not represent actual monthly costs. The estimates are based on average calculations for students with poor to medium credit scores and are derived from total tuition costs. The actual cost may vary once the third-party finance company has conducted a credit check and taken other factors into account. Pricing is subject to change without notice, and all monthly pricing is based on examples and not actual students. The Career College of the Pacific makes no guarantees regarding any monthly payment, is not obligated to provide one, and the student agrees to assume all risks associated with third-party financing.

  • Computer Loan Program for Eligible Students at Career College of the Pacific

    1. Objective: The aim of this policy is to support eligible students at Career College of the Pacific by providing a computer system on loan. This initiative is designed to assist students with their academic studies. The computer system remains the property of Career College of the Pacific until the student graduates and meets all academic and financial obligations.

    2. Eligibility Criteria: To be eligible for this program, students must meet certain income criteria. Specifically, the household income of the student should not exceed 130% of the Federal Poverty Guideline amounts for Hawaii. The specific income limits based on household size are as follows:

    • For a 1-member household: $20,319
    • For a 2-member household: $27,378
    • For a 3-member household: $34,437
    • For a 4-member household: $41,496

    3. Application Process: Students interested in this program should request a computer system from their admissions counselor. To support their request, students must provide documentation that verifies their income and household size. This should include a copy of their most recent tax return.

    4. Terms and Conditions of Use:

    • The computer system, provided on loan, remains the property of Career College of the Pacific and should be primarily used for educational purposes related to the student’s studies at Career College of the Pacific.
    • Students are required to maintain the computer system in good working order.
    • In case of damage or loss, students will be responsible for the cost of repair or replacement.
    • Improper use of the computer system may lead to the termination of the loan agreement.

    5. Completion of Loan:
    Upon graduation and completion of all academic and financial obligations to Career College of the Pacific, the ownership of the computer system will be transferred to the student.

    6. Non-compliance: Failure to comply with the terms and conditions of this policy may lead to the termination of the loan agreement, and the student will be required to return the computer system immediately to Career College of the Pacific. If a student fails to return the computer system at their own expense, collection action may be initiated against the student. This includes all court and legal fees associated with the collection process.


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