If you are planning on retirement, there are a few options available to you depending on your situation!
The first group of options to explore are immediate loan forgiveness opportunities. These will typically be in the form of the Public Service Loan Forgiveness program (PSLF) or the Teacher Loan Forgiveness program (TLF).
TLF can also be pursue once you have retired, as long as you have met all of the qualifications.
If you are not eligible for these programs before the time of your retirement, you may want to continue on an Income Driven Repayment plan. Since these plans are based on your income, your monthly payment during retirement may be as low as $0, and payments approved at this amount would still earn forgiveness credits for IDR Forgiveness.
A recent federal court injunction has barred the Department of Education from implementing parts of the SAVE plan. This injunction has also barred forgiveness programs related to the SAVE, PAYE, and ICR plans. Currently only payments made while in the Income Based Repayment (IBR) plan will count towards IDR Forgiveness