3 THE TEXAS B-ON-TIME (BOT) LOAN PROGRAM You may have heard about the BOT loan from news stories, family members, friends, or other sources.. If the THECB does not receive your loan forgiveness form, your loan account will be scheduled for repayment beginning six months after you...
Public Service Loan Forgiveness discharges borrowers' federal student loans after they make 120 payments while working for the government or a nonprofit.. Ten years is a very long time for most people to plan out their future just for loan forgiveness, she says.