Will My Student Loan Be Canceled by Navient?

Will My Student Loan Be Canceled by Navient?

Student loans can be a heavy burden for many individuals striving to pursue higher education. As borrowers search for ways to alleviate the financial strain. They may wonder, “Will my student loan be canceled by Navient?” Navient, one of the largest student loan servicers in the United States. It is responsible for managing and collecting federal and private student loans. So, we’ll delve into the question of whether Navient has the authority to cancel student loans. After that, explore other potential avenues for loan forgiveness or cancellation.

The Role of Navient in Student Loan Repayment

Navient, previously part of Sallie Mae, is a loan servicer contracted by the federal government to manage student loans. Their responsibilities include loan billing, collecting payments, assisting borrowers with repayment plans, and providing customer service. It is essential to understand that Navient acts as a facilitator between borrowers and the loan lenders. And they do not have the power to cancel student loans unilaterally.

Will My Student Loan Be Canceled by Navient?

Loan Forgiveness Programs Available

1. Public Service Loan Forgiveness (PSLF)

The Public Service Loan Forgiveness (PSLF) program was established to incentivize individuals to work in public service professions. Under this program, borrowers who make 120 qualifying monthly payments while employed full-time by a qualifying employer may be eligible for loan forgiveness. It is crucial to note that eligibility requirements and program details can be subject to change, so it is advisable to stay updated with the latest information.

2. Teacher Loan Forgiveness Program

The Teacher Loan Forgiveness Program aims to provide loan forgiveness to teachers who serve in low-income schools or educational service agencies. For instance, eligible teachers may receive forgiveness of up to $17,500 on their direct subsidized and unsubsidized loans or their subsidized and unsubsidized Federal Stafford Loans.

3. Income-Driven Repayment (IDR) Plans

Income-Driven Repayment plans are designed to make loan repayment more manageable for borrowers with high debt relative to their income. These plans calculate the monthly payments based on the borrower’s discretionary income and family size. After making payments for a designated period (usually 20 to 25 years), the remaining balance may be eligible for forgiveness.


The short answer is no. Navient, as a loan servicer, does not have the authority to cancel student loans. Their primary role is to administer loan payments and assist borrowers in navigating the repayment process. Loan cancellation or forgiveness programs are typically administered by the loan lenders or the Department of Education.

While Navient cannot cancel your student loans, they can provide information on available repayment options and forgiveness programs. It is crucial to stay in contact with Navient and regularly explore any updates or changes to loan repayment programs.

FAQs about Student Loan Cancellation

  1. What steps can I take to explore loan forgiveness options? To explore loan forgiveness options, you should contact your loan lender or the Department of Education directly. They can provide guidance on available programs and the eligibility criteria.
  2. What happens if I default on my student loans? Defaulting on your student loans can have serious consequences, including damage to your credit score, wage garnishment, and collection efforts. It is crucial to communicate with your loan servicer, such as Navient, if you are facing financial difficulties to explore options like deferment, forbearance, or income-driven repayment plans.
  3. Can Navient help with loan repayment difficulties? Yes, Navient can assist borrowers who are experiencing difficulties with loan repayment. They can provide information on repayment plans, help determine eligibility for loan forgiveness programs. And assist in exploring alternative options to make loan payments more manageable.

Will My Student Loan Be Canceled by Navient?


“Will my student loan be canceled by Navient?” the answer is no.  However, there are various loan forgiveness and cancellation programs available. For example: the Public Service Loan Forgiveness program,  the Teacher Loan Forgiveness program. It is essential to stay informed about these programs and contact your loan lender or the Department of Education for guidance.

Remember that Navient’s role is to assist borrowers with loan management and repayment, providing resources and information on available options. But if you’re facing challenges with your student loans, don’t hesitate to reach out to Navient for guidance on repayment plans, deferment, forbearance, or income-driven repayment options.

It’s important to explore the realistic avenues for loan forgiveness and make informed decisions based on your specific circumstances. So, stay proactive, stay informed, and take advantage of the resources available to help you manage your student loan debt effectively.


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