Depending on the loan types borrowed, there may be options for loan forgiveness available to you. Please click on the links below for more information about these loan forgiveness programs and options.
Public Service Loan Forgiveness
CBS Loan Assistance
Company Sponsorship
The Biden-Harris Administration Student Debt Relief Plan
Federal Loan Forgiveness Program is called Public Service Loan Forgiveness (PSLF). To qualify, you must have made at least 120 payments on non-defaulted federal loans under certain repayment plans while holding a full-time, public service position. For further details such as borrower eligibility requirements and what constitutes a public service position, please visit the Federal Student Aid website. Be sure to also review the Questions & Answers section.
Loan Assistance Program
Columbia Business School’s Loan Assistance Program aims to encourage MBAs to take management and leadership positions in the public and nonprofit sectors, and with social ventures. The program was created to help alleviate the financial burden associated with repaying education loans while pursuing a career in these sectors, which typically pay lower salaries but have unmet needs that Columbia Business School graduates are able to address.
International and US-based MBA graduates are eligible to apply within the first five years after the date of graduation, and may be eligible to participate for up to ten years after graduation. Awards are based on annual income and education debt level.
To learn more about the program and eligibility criteria please visit the Loan Assistance Program page.
Company sponsorship can provide excellent opportunities for reimbursement of educational costs already funded by students through loans. You should contact your company to explore any resources at their disposal.
Visit the Federal Student Aid site to get the latest updates on the Biden-Harris Administration’s student debt relief efforts.