Student Loan Forgiveness Did you know that Congress created a program called the Public Service Loan Forgiveness Program to encourage individuals to enter and continue to work full-time in public service jobs? Under this program, borrowers may qualify for forgiveness of the remaining balance due on their eligible federal student loans!
What is Student Loan Forgiveness? There are a few programs available to you that provide student loan forgiveness. These programs will allow you to work or volunteer and in return will literally erase a certain percentage of your Federal student loan debts.
Federal student loan forgiveness programs can help you get out from under your Federal student loans. While attempting to further education many students and graduates find themselves in a mountain of Federal Student Loan debt. An overwhelming number of people can’t find a job that will accommodate these debts and leave room for day-to-day life. When you're facing the consequences of not being able to repay your Federal student loans, we can help.
Who can qualify for student loan forgiveness programs? Teacher Loan Forgiveness the Teacher Loan Forgiveness program is probably the most beneficial of all the loan forgiveness plans available as teachers not only qualify for early forgiveness, but principal reduction as well. Teachers can be eligible for $5,000 to $17,500 in principal reduction on their loans under certain circumstances in the Teacher Loan Forgiveness program. The idea behind this principal reduction was to encourage young graduates to enter a career of teaching, and to continue that career. Teachers also qualify for complete loan forgiveness after 10 years of repaying their loans. Contact us for more information.
Public Service Loan Forgiveness You may qualify for public service loan forgiveness if you work full-time in a public service job. After making 120 consecutive payments under certain repayment plans while working full time in a public service position, the balance of your Federal Student Loan would be completely forgiven. Contact us for more information.
Total and Permanent Disability Discharge A borrower may qualify for Total and Permanent Disability Discharge on their Federal Student Loans if they are unable to engage in any substantial gainful activity because of a physical or mental impairment. Contact us for more information.