PSLF forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
Considering this, can subsidized and unsubsidized loans be forgiven?
If you meet all the qualifications, you can receive up to $17,500 of student loan forgiveness for subsidized and unsubsidized Direct and Stafford Loans. Unfortunately, PLUS Loans and Perkins loans are not eligible for Teacher Loan Forgiveness.
Moreover, how do I cancel my federal direct subsidized loan?
Yes. Before your loan money is disbursed, you may cancel all or part of your loan at any time by notifying your school. After your loan is disbursed, you may cancel all or part of the loan within certain time frames.